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(on Archives.gov) Passed on May 20, 1862, the Homestead Act accelerated the settlement of the western territory by granting adult heads of families 160 acres of surveyed public land for a minimal filing fee and 5 years of continuous residence on that land.
The deadline to file for Homestead Exemption is March 1 of the qualifying year. Homestead Exemption Florida grants a standard $25,000 exemption on the assessed value of qualified residential property.