To qualify for the homeowners' exemption, the home must have been the principal residence of the owner as of January 1 of that tax year. Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability.By law, a homestead exemption is not transferable. If you move, your homestead exemption does not automatically follow you to your new residence. A homestead exemption is a method for homeowners to protect a certain amount of equity in their home. Claiming a Florida homestead exemption involves some very specific requirements that must be completed within a specified time frame. In addition, you may be required to meet income restrictions or residency requirements in order to qualify for this exemption. This publication explains the tax rules that apply when you sell or otherwise give up ownership of a home. One place to search and find your next commercial real estate rental. Discover videos related to 2025 California Taxes Home Owner on TikTok.