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Homestead Exemption Calculator Florida . In florida, you can homestead only one property. Given that florida has around a 2% average tax rate, that means a homeowner with $500,000 in portability will see a tax bill about $10,000 a year lower than it would be without it. What are the filing requirements for the Florida Homestead Exemption from www.usdaloanpro.com You can file in either of our office locations or online. In florida, you can homestead only one property. Senior editor & disability insurance expert.