Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. You cannot transfer your homestead exemption when you move from a previous Florida homestead to a new Florida homestead.Certain exemptions may also require Form 50-114-A. The exemptions apply only to property that you own and occupy as your principal place of residence. This form is used to apply for homestead and related tax exemptions in Florida. Applicants must provide personal information and proof of residency. Comparing Homestead Exemption in the States ; Florida, Unlimited, One-half acre in city or up to 160 acres in rural area. Comparing Homestead Exemption in the States ; Florida, Unlimited, One-half acre in city or up to 160 acres in rural area. This form is used to apply for homestead and related tax exemptions in Florida. Applicants must provide personal information and proof of residency.
