Permanent Florida residency required on January 1. The Homestead Exemption reduces the taxable portion of your property assessment if you own your primary residence in Philadelphia.Please have these documents available while completing the application: Valid Florida Driver License or valid Florida Identification card. The mission of the Department of Community and Economic Development (DCED) is to foster opportunities for businesses to grow and for communities to succeed. How to Apply: Apply using the Online Exemption Filing Application. You must file a new application for your new residence. What is Required When Filing for Homestead Exemption? Proof of Florida voter registration (must reflect permanent residence address). This Video Shows you How to Complete an Application for Homestead Exemption. To receive a homestead or farmstead exclusion, a Pennsylvania resident must submit an application to the county assessor prior to March 1.