Under Florida homestead rules, the homestead exemption and all its benefits pass to the heirs or surviving spouse of the owner after the owner dies. Florida exempts a portion of a Florida homestead from ad valorem tax.This could save a taxpayer a few hundred dollars a year. Property owners who qualify for other exemptions, must complete the corresponding form and submit it to the Property Appraiser's Office. To qualify for this exemption, the applicant must be a permanent resident of Florida as of January 1st of the application year. The Taxpayer Relief Act provides for property tax reduction allocations to be distributed to school districts through a "homestead or farmstead exclusion." You will need to do the following to become a Florida resident and obtain the homestead exemption.
