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.Homeowners should contact their county assessment office (position 48) for a copy of their county's homestead and farmstead application form. Edit, sign, and share homestead exemption online. No need to install software, just go to DocHub, and sign up instantly and for free. The mission of the Department of Community and Economic Development (DCED) is to foster opportunities for businesses to grow and for communities to succeed. The final deadline to apply for the Homestead Exemption is December 1 of each year. The cheapest times to fly from Philadelphia to Homestead.