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. Filing for Florida's Homestead Exemption can offer you tax savings when you own real estate in Florida.All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments and certain mobile home lots. The official website of the City of Oakland. Find out about meetings, request City services through OAK 311, or contact the Mayor and City Council. Choosing between Michigan or Florida as your primary residence. Taxable Value is the assessed value minus qualifying exemptions. This is the value used to calculate the tax due on your property. Permanent Florida residency required on January 1. Proof of a homestead exemption in Florida.