Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. Homestead Improvement Exemption.This exemption is available to qualified homeowners who have made improvements to their principal dwelling place. The application deadline is March 1. How to file for Homestead in Florida. You can apply for the exemption online or at the Township Assessor's office. An annual verification of eligibility must be filled out each year. No. Unlike Florida, Illinois does not authorize counties to collect payments for homestead exemptions that were granted through error, omission, or fraud. Applicants will need to provide proof of residency (ex. Driver's license, state ID).