Complete the Homestead Declaration form. The form must be printed legibly in black ink.Most states have a homestead exemption. Forty-six have homestead exemptions that include general homestead laws and homestead tax exemptions. This Video Shows you How to Complete an Application for Homestead Exemption. Homestead Exemption. Benefit to Homestead Exemption. Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. The Tax Division's mission is to enforce the nation's tax laws fully, fairly, and consistently, through both criminal and civil litigation. Under the doctrine of equitable liens, Chong's homestead exemption does not extend to process of the court regarding enforcement of Maki's default judgment.