Any veteran age 65 and older may qualify for a homestead property tax discount if the veteran has an honorable discharge from military service. Provides an additional homestead property tax exemption for members of the US military or military reserves, the United States Coast Guard or its reserves.When to file: Application for all exemptions must be made between January 1 and March 1 of the tax year. 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. Also, Florida law allows you, as a member of the Armed Forces, to rent your residence in your absence without loss of your homestead exemption. Homestead Exemption can provide significant property tax savings. This online application will walk you through the qualifications and application process. Veterans' preference per Florida law.