Download the Act 50 Applications(PDF, 1MB) and complete it. This worksheet only calculates your base property taxes, with an adjustment for the homestead exemption for County taxes if applicable.Complete the Tax Exemption Application(PDF, 139KB) and make 6 copies. 1. Fill in the parcel number of the property for which you are seeking a homestead exclusion. The Taxpayer Relief Act provides for property tax reduction allocations to be distributed to school districts through a "homestead or farmstead exclusion." One application must be filled out for each parcel. Please read the instructions before completing this application. Basic Information. 1. Please read the instructions before completing this application. Basic Information. 1.