You may file this application online at onestop.md. A homestead exemption is a legal provision that shields a home from some creditors following the death of a homeowner's spouse or the declaration of bankruptcy.To qualify for Homestead Exemption (F. Claiming a Florida homestead exemption involves some very specific requirements that must be completed within a specified time frame. Proof of ownership of your property in the form of a copy of a tax bill or your deed. Maryland requires all homeowners to submit a onetime application to establish eligibility for the Homestead Tax Credit. Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. Application: Maryland homeowners must apply for the homestead tax credit exemption. How do I file for Florida homestead exemption? See Instructions 6 and 19 in the Maryland tax booklet.