Gross income is the income, including veterans' and social security benefits, of all persons residing in the homestead. Save thousands on property taxes!This exemption requires that you file the Form DR501 and provide a letter from the Veteran's Administration. 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. If you meet the above criteria, you may qualify for an additional tax exemption on your Florida homesteaded property. MDC Offers Out-of-State Tuition Waivers for Eligible Active Duty Military, Eligible Veteran's, Their Spouses and Dependent Children. Eligibility. 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.