RJ - if you are now renting the property, you are no longer qualified to claim the Homestead exemption regardless of what other properties you own. You are also required to notify the property appraiser's office. If you are in Broward, go to http://www.bcpa.net,
if it's in Miami-Dade go to http://www.miamidade.gov/propertytax.
I'd be happy to direct you to any other county's site if it's neither of those.
I have cut and pasted the Florida Statute referring to this situation for you: "196.061 Rental of homestead to constitute abandonment.--The rental of an entire dwelling previously claimed to be a homestead for tax purposes shall constitute the abandonment of said dwelling as a homestead, and said abandonment shall continue until such dwelling is physically occupied by the owner thereof. However, such abandonment of such homestead after January 1 of any year shall not affect the homestead exemption for tax purposes for that particular year so long as this provision is not used for 2 consecutive years. The provisions of this section shall not apply to a member of the Armed Forces of the United States whose service in such forces is the result of a mandatory obligation imposed by the federal Selective Service Act or who volunteers for service as a member of the Armed Forces of the United States."
I hope this helps!
Villa G Realty, Inc.