Nonresident Real Property Owners should complete Form R-5. Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability.First-time applicants must provide proof of age (Driver license, Florida ID, Voter ID, or Birth Certificate). Property tax exemption, benefit, credit or discount on any other property, nationwide. This Exemption exempts you from having to pay any property tax at all. Another property tax exemption you will encounter is the VA FL 27-125. This benefit's qualifier is that the Veteran have a scheduled rating percentage for a. If you meet the above criteria, you may qualify for an additional tax exemption on your Florida homesteaded property. For FL there is a window to submit.