The Florida EX501FL form serves as the original application for ad valorem tax exemption, allowing eligible residents to apply for various property tax exemptions. This form is essential for individuals seeking benefits such as the homestead exemption, which can provide up to $50,000 in tax relief, as well as exemptions for widows, widowers, disabled individuals, and veterans. Applicants must provide detailed information, including their legal description of the property, ownership percentages, and personal details such as marital status and residency history. The form requires disclosure of any tax benefits received in other jurisdictions, ensuring that applicants do not double-dip on tax exemptions. Additionally, the form mandates the inclusion of a social security number for identity verification purposes. Applicants must also declare their permanent residency status in Florida and confirm that they occupy the property for which they are applying. It is crucial to submit the completed application by March 1st to ensure consideration for the exemptions for that tax year. Failure to provide all required information may result in the processing of only those exemptions for which the applicant qualifies as of that date.