Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. You must file the Transfer of Homestead Assessment Difference Form DR-501T with the homestead application Form DR-501 for your new home.This Video Shows you How to Complete an Application for Homestead Exemption. After you have created your online account and gathered the required documents necessary to qualify for the exemption that you are applying for. Principal Residence Exemption Forms. How to Fill out Texas Homestead Exemption 2022 - updated 2024. â—‹ A completed and signed Application for MCL 211.7u Poverty Exemption - Michigan Treasury Form 5737. Each state has its own laws surrounding exemptions. Principal Residence Exemption Forms.