To claim the exemption, the homeowner must make a one-time filing with the county assessor where the property is located. Homestead Exemption Types.Requirements; Eligible Properties; Amount of Exemption ; Abandonment of Homestead. To qualify for the homeowners' exemption, the home must have been the principal residence of the owner as of January 1 of that tax year. Exemption. Complete form BOE-266, Claim for Homeowners'. Property Tax Exemption. Download PDF BOE-266 REV. This form is for late property tax payments only not for fees incurred due to returned check payments from your financial institutions. If you own and occupy your home as your principal place of residence, you may apply for a Homeowners' Exemption.