You cannot transfer your homestead exemption when you move from a previous Florida homestead to a new Florida homestead. 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.To qualify for Homestead Exemption (F. Comparing Homestead Exemption in the States ; Florida, Unlimited, One-half acre in city or up to 160 acres in rural area. The homestead can't exceed one acre in a city or 160 acres in a rural area. Applicants must file a Form CC-501 – Original Application for Homestead and Related Tax Exemptions, to apply for the homestead exemption on the new homestead. The deadline to timely file for a homestead exemption is March 1, 2024. Late filing is permitted through early September. Exception: surviving spouse owns a separate homestead.