You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. Exemption applications must be filed with your local assessor's office.See our Municipal Profiles for your local assessor's mailing address. Homestead exemption protect property assets from probate. Properties recognized under laws of homestead are off-limits to creditors seeking attachment. Though all property is assessed, not all of it is taxable. See a list of common property tax exemptions in New York State. Section 1 - ProPertY inForMAtion. Give the complete address and the Borough, Block and Lot number of the property for which you are. In New York, the homestead exemption applies to real property, including your home, condominium, or co-op.