Disabled applicants must complete form DTE 105E,. Arizona law does not recognize federal property exemptions, but establishes exemptions specific to Arizona residents.The homestead exemption can decrease the taxable value of your home, so you'll pay fewer property taxes. Homestead exemptions can help you reduce property taxes and protect your house from creditors. The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills. Homestead Exemption. The Ohio Homestead Exemption allows low-income older adults and permanently and totally disabled Ohioans to reduce their property tax bills. Home > Homestead Act (1862). Milestone Documents. We follow a nondiscriminatory policy of homebuyer selection and are accountable to mortgage lending laws.