You must file the Transfer of Homestead Assessment Difference Form DR-501T with the homestead application Form DR-501 for your new home. The Florida homestead exemption is a property tax break that's offered based on your home's assessed value and provides exemptions within a certain value limit.Note: If a FL resident owns real property in another state, then that state's estate tax exemption laws will apply to that real property. By law, a homestead exemption is not transferable. If you move, your homestead exemption does not automatically follow you to your new residence. This can provide asset protection from creditors for at least some of house's value. You say if I can prove living in NC most of the year for any 2 out of the last 5 (calendar?) All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments and certain mobile home lots.
