You must file the Transfer of Homestead Assessment Difference Form DR-501T with the homestead application Form DR-501 for your new home. If you're planning to claim a homestead exemption, you must first apply for a Florida driver's license.Principal Residence Exemption Forms. Michigan Homestead Laws offer a robust form of protection for homeowners, akin to Florida's Homestead Exemption. Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. If you purchased a home or condo, file documents with the local property appraiser to obtain the homestead tax exemption on your home. This Video Shows you How to Complete an Application for Homestead Exemption. Read the instructions before completing the form. This form must be filed with the assessor for the city or township where the property is located. How to Fill out Texas Homestead Exemption 2022 - updated 2024.