Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. File this form and all supporting documentation with the appraisal district office in each county in which the property is located generally between Jan.You must file the Transfer of Homestead Assessment Difference Form DR-501T with the homestead application Form DR-501 for your new home. This document provides detailed instructions on how to complete the Homestead Exemption Application DR-501. What is the Texas homestead exemption? 1. Gather your personal and property information. You must apply with your county appraisal district to get a homestead exemption. Applying is free and only needs to be filed once. Attn Lone Star State property owners: Don't miss out on the Texas homestead exemption!