The Homestead Exemption reduces the taxable portion of your property assessment if you own your primary residence in Philadelphia. A homestead exemption is a legal provision that shields a home from some creditors following the death of a homeowner's spouse or the declaration of bankruptcy.This cannot be applied at the same time as a Homestead Exemption. Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. The most common real property exemption is the homestead exemption. L. No. 73.415, 48 Stat.

Florida Homestead Exemption For Law Enforcement In Philadelphia

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