General Residence Homestead Exemptions: You may only apply for residence homestead exemptions on one property in a tax year. Permanent Florida residency required on January 1.This Video Shows you How to Complete an Application for Homestead Exemption. Filing for Florida's Homestead Exemption can offer you tax savings when you own real estate in Florida. 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. GENERAL INFORMATION: Property owners applying for a residence homestead exemption file this form and supporting documentation with the appraisal district in. Residence Homesteads. How are tax exemptions taken into account? Our contingency fee is applied to actual property tax savings in the year we appeal. Welcome to the RAPIDS ID Card Office Online.