Residence Homestead Exemption Form: homestead app. Certain exemptions may also require Form 50-114-A.The exemptions apply only to property that you own and occupy as your principal place of residence. Today I would like to explain to you how you can file for your homestead exemption. Bought a primary residence within the past year in Texas? It's time to file for your Texas Homestead Exemption. We have our 250 Regional Finalists! Reaching this level distinguishes these students as extraordinary leaders in their school and community.