Permanent Florida residency required on January 1. The Taxpayer Relief Act provides for property tax reduction allocations to be distributed to school districts through a "homestead or farmstead exclusion."By law, a homestead exemption is not transferable. If you move, your homestead exemption does not automatically follow you to your new residence. File final Pennsylvania state taxes – You'll need to let Pennsylvania know that you are changing your primary residence to Florida. What is Required When Filing for Homestead Exemption? You must be a permanent resident of Florida residing on the property where the homestead exemption is being sought (primary residence) as of January 1st. Complete the form DR-501T and include the completed form with your homestead exemption application. •The Georgia Homestead Exemption. School districts are required to send an application to all non approved, eligible property owners 60 days prior to the March 1 application deadline.