A completed Homestead Exemption Application showing the homestead address. After you have created your online account and gathered the required documents necessary to qualify for the exemption that you are applying for.Applicants must file a Form CC-501 – Original Application for Homestead and Related Tax Exemptions, to apply for the homestead exemption on the new homestead. Comparing Homestead Exemption in the States ; Florida, Unlimited, One-half acre in city or up to 160 acres in rural area. Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. Submit all applications and documentation to the property appraiser in the county where the property is located. Additional exemptions based on income and disability. No information is available for this page.