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Florida retirement is a big enough industry that the state has perks for people who retire in Florida. Florida residents are entitled to property tax exemptions of up to $25,000 on the assessed value of owner-or dependent-occupied homesteads. To become a resident of Florida, a person must establish a home or a permanent dwelling place and demonstrate the intent to make Florida the place of permanent legal residence. There is no fixed waiting period. Simply file a sworn statement with the Clerk of the Circuit Court in the county where your new residence is located.