Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address.You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. In bankruptcy, a homestead exemption protects equity in your home. Here, you'll find specific information about the homestead exemption in New York. Almost every state has a homestead exemption, allowing homeowners to keep their primary residence safe from creditors. Use Form RP524, Complaint on Real Property Assessment to grieve your assessment. This can provide asset protection from creditors for at least some of house's value. If you would like assistance filling out the application form or for more detailed exemption information, please contact the City Assessing Division. If you have questions about what constitutes eligible home ownership for the homestead exemption, consult your county auditor.