You cannot transfer your homestead exemption when you move from a previous Florida homestead to a new Florida homestead. Tax year 2024 applications closed March 1, 2024.To qualify for Homestead Exemption (F. 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. Title 9 - Property Tax Credits and Property Tax Relief Subtitle 1 - Statewide Mandatory Section 9-105 - Homestead Property Tax Credit. The Florida Homestead Exemption is a tax benefit provided to eligible homeowners. It reduces the assessed value of their primary residence for tax property. Who is eligible for the homestead exemption in the state of Florida?