The Property Appraiser mails Homestead Exemption application forms and qualification guidelines to persons who bought homes during the current year. Save thousands on property taxes!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. When to file: Application for all exemptions must be made between January 1 and March 1 of the tax year. You are in the process of filing a petition with the Value Adjustment Board (the "VAB") to request a tax exemption or property classification for 2018. This. All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify. For homeowners in MiamiDade County, the Homestead Exemption is a gamechanger.