Download the Act 50 Applications(PDF, 1MB) and complete it. Generally, most owner occupied homes and farms are eligible for property tax reduction.Only a primary residence is eligible for property tax relief. 1. Fill in the parcel number of the property for which you are seeking a homestead exclusion. A property owner must be approved and qualified for ACT 50, the homestead exemptions, (through Allegheny County) in order to receive ACT 1 school tax relief. Is your residence part of a cooperative or a condominium where property taxes are paid jointly? A property owner who has moved within the past 10 years, and has continued to own and occupy the new property as a primary residence, shall be eligible. The limit for a homestead exemption is onehalf of the median assessed value of the homestead properties in a taxing jurisdiction. Property owners with a primary residence within the County are generally entitled to the Act 50 Homestead Exclusion tax abatement. How do you qualify for the homestead Act in Pennsylvania?