Definition
Homestead exemption
A property-tax reduction for owner-occupied primary residences. Filing for it in your new state is part of every domicile-change checklist.
Most US states offer a homestead exemption that reduces property tax on owner-occupied primary residences. Florida's exemption is among the most generous (~$50K of assessed value plus the 'Save Our Homes' annual cap). Filing for homestead in your new state is a key piece of evidence supporting domicile change, and dropping the homestead exemption in your old state cuts your tie there. Most states require you to claim only one homestead at a time.
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