Certain property tax benefits are available to persons age 65 or older in Florida. Eligibility for property tax exemp ons depends on certain requirements.Generally, the deadline to file an application for an exemption is April 30. The homestead exemption and Save Our Homes assessment limitation help thousands of Florida homeowners save money on their property taxes every year. Senior Exemption for persons 65 and older (Based on a limited income). After you have created your online account and gathered the required documents necessary to qualify for the exemption that you are applying for. Applicants must file a Form CC-501 – Original Application for Homestead and Related Tax Exemptions, to apply for the homestead exemption on the new homestead. Applicants must file a Form CC-501 – Original Application for Homestead and Related Tax Exemptions, to apply for the homestead exemption on the new homestead. How do I fill this out? To fill out the Homestead Exemption form, gather your necessary documents, including proof of age and residency.