Homestead Exemption is one way to reduce the amount of property tax you pay on your residential property. To complete your Homestead form, you will need your parcel number and a legal description of your property.You can find this information on your recorded deed. Complete the Homestead Declaration form. The form must be printed legibly in black ink. The deadline for submitting applications is June 1. An annual application is required for continued participation in the Circuit Break Program! A real property mobile home is taxed with the land and may qualify for a homestead exemption. For example, the homestead exemption is available on owner-occupied primary residences. The proposed amendment authorized the state legislature to implement a statewide local-option homestead exemption from ad valorem taxes.