The dwelling may be a house, condominium, or mobile home. A senior property tax exemption reduces the amount seniors 65 years of age or older have to pay in taxes on properties they own.A homestead exemption can benefit homeowners if one spouse in a twoincome household dies. This form is used to apply for the Senior Property Valuation Protection Option also referred to as the "senior freeze. " Form Number. 82104. The Taxpayer Relief Act provides for property tax reduction allocations to be distributed to school districts through a "homestead or farmstead exclusion." To claim the exemption, you must file a Declaration of Homestead. Click here to sign up or call 1-888-222-9190. A homestead exemption is a legal provision that shields a home from some creditors following the death of a homeowner's spouse or the declaration of bankruptcy. The new law increased certain statutory exemptions including the homestead exemption.
