The homestead exemp- tion provides a reduction in property taxes to qualified senior or disabled citizens, or a surviving spouse, on the dwelling that is that. The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills.To apply for the standard homestead exemption in Florida, visit the property appraiser's website for the county where your property is located. Are you 65 or older? Are you under 65 and disabled? This is a statewide program which reduces the property tax burden of qualified senior citizens and permanently and totally disabled homeowners. Depending on your disability rating, income and the state you live in, you may be able to receive a partial or full property tax exemption. You may qualify if you're a senior citizen, veteran or lowincome homeowner. How To Apply For A Homestead Exemption. Official website of the U.S. Social Security Administration.