You are 65 years of age or older as of January 1 in the year you file for the exemption. Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability.NOTE: The deadline to file is March 1. Application for Exemption Instructions Details on how to fill out and mail your Property Taxation Exemption Form , PDF: Application for Exemption Property Tax. You must own and be resident in the property on January 1 of the current year to be eligible to file for the current year. What Exemptions May Apply? (AP) Tennessee coach Rick Barnes believes losing at Florida will be good for his team. One place to search and find your next commercial real estate rental.