So, a homestead exemption is a legal provision designed to protect the value in a principal dwelling place. The Florida homestead exemption is a property tax break that's offered based on your home's assessed value and provides exemptions within a certain value limit.For your convenience, enclosed is a brochure explaining how and where to apply for homestead exemption or other personal exemptions. Unlike some other states (Florida being the most frequent example we are given), there is no "homestead exemption" in Massachusetts. State law provides for only one homestead exemption per immediate family group (husband and wife). It is the standard protective homestead. Homestead: This exemption can help homeowners reduce state property taxes and protect surviving spouses from creditors.
