Michigan Homestead Laws offer a robust form of protection for homeowners, akin to Florida's Homestead Exemption. Florida has very broad creditor protection for Florida residents claiming Florida property as their homestead.If you're planning to claim a homestead exemption, you must first apply for a Florida driver's license. If you purchased a home or condo, file documents with the local property appraiser to obtain the homestead tax exemption on your home. This article addresses if you should make Florida your primary residence if you have a home in Michigan too. The homestead exemption and Save Our Homes assessment limitation help thousands of Florida homeowners save money on their property taxes every year.