In order to qualify for the homestead exemption you must be a bona fide Florida resident. Permanent Florida residency required on January 1.Claiming a Florida homestead exemption involves some very specific requirements that must be completed within a specified time frame. To claim the exemption, the homeowner must make a one-time filing with the county assessor where the property is located. TX. 78586-7340. 3710. Reduction and an increase in the city's homestead exemption from 40 to 45 percent of value. ASK why or why not. 6. To receive this exemption, most tax agencies require active adults to fill out and submit forms along with proof of income. County of San Diego (page 471). This publication explains the tax rules that apply when you sell or otherwise give up ownership of a home.