Homeowners' Exemption. Complete form BOE-266, Claim for Homeowners'.Property Tax Exemption. How to Apply: It's as easy as filling out the application at Assessor - Homeowners' Exemption. The claimant must own and reside in the original property at the time of its sale or within two years of the purchase or new construction of the replacement. The tax base may be transferred to a property located anywhere in the state. Are you a Contractor? Complete this tax schedule to compute your tax liability. Due to this issue, the exemption may not appear on the current property tax bill for some accounts. Complete and submit the application: Obtain the right form from the county assessor's office (or their website) and fill it out accurately.