You cannot transfer your homestead exemption when you move from a previous Florida homestead to a new Florida homestead. If you're planning to claim a homestead exemption, you must first apply for a Florida driver's license.As soon as you make Florida your primary residence, you lose this exemption. This can result in a pretty big tax penalty. The homestead exemption and Save Our Homes assessment limitation help thousands of Florida homeowners save money on their property taxes every year. If you purchased a home or condo, file documents with the local property appraiser to obtain the homestead tax exemption on your home. Michigan Homestead Laws offer a robust form of protection for homeowners, akin to Florida's Homestead Exemption. The application deadline is March 1. How to file for Homestead in Florida. Each state has its own laws surrounding exemptions.