Obtaining a veterans exemption is not automatic – If you're an eligible veteran, you must submit the initial exemption application form to your assessor. There are three different property tax exemptions available to veterans who have served in the US Armed Forces.Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. Any veteran age 65 and older may qualify for a homestead property tax discount if the veteran has an honorable discharge from military service. Maintain or obtain an out-of-state residency based tax exemption, reduction, benefit, credit, etc. (e.g. New York offers special benefits for service members, Veterans and their families including property tax exemptions, New York National Guard tuition assistance. Qualifying veterans and their family members are eligible for property tax breaks in New York City. Alternative Veterans Exemption - overview. If the surviving spouse sells or moves from the property and establishes a new homestead in Florida, this exemption may be transferred. These benefits are not automatically transferred to your new homestead.