Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address.Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. This article highlights that a Florida resident may be entitled to more than one residencybased property tax exemption. To qualify for Homestead Exemption (F. For example, property taxes on a New York home would be deductible, but property taxes on a Florida home would not be deductible. All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify. Application for these exemptions must be made between January 1st and March 1st of the year for which you apply. The initial application must be made in person. The most common real property exemption is the homestead exemption.