The Homestead Exemption reduces the taxable portion of your property assessment if you own your primary residence in Philadelphia. Permanent Florida residency required on January 1.You should complete all required forms and applica ons for the exemp on and file them with your county property appraiser. The mission of the Department of Community and Economic Development (DCED) is to foster opportunities for businesses to grow and for communities to succeed. Edit, sign, and share homestead exemption online. No need to install software, just go to DocHub, and sign up instantly and for free. The final deadline to apply for the Homestead Exemption is December 1 of each year. Homeowners typically need to apply for the exemption with their local government office. "The final deadline to apply for the Homestead Exemption is December 1 of each year. Other states and counties require applications and proof for specific exemptions.