The Homestead Exemption reduces the taxable portion of your property assessment if you own your primary residence in Philadelphia. In order to qualify for homestead exemption: You must be a Florida resident.Meet the March 1 filing deadline. Depending on your state, you can apply for your exemption online or you'll need to visit a local government office to fill out the paperwork. The Taxpayer Relief Act provides for property tax reduction allocations to be distributed to school districts through a "homestead or farmstead exclusion." Homestead exemption: Most states offer a homestead exemption, except for New Jersey and Pennsylvania. Where do I apply for a Homestead Exemption? Homestead Exemptions are available from the Palm Beach County Property Appraiser's Office. HOMESTEAD EXEMPTION: Click here to file for Homestead Exemption online Note: requires Internet Explorer 5.0 or newer. Recommended: Google Chrome or Microsoft Edge web browser; desktop computer rather than a mobile device.