The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills. Disabled applicants must complete form DTE 105E,.A homestead exemption application form ("DTE 105A") is available from the Ohio Department of Taxation. This can provide asset protection from creditors for at least some of house's value. Determine your home's current market value. Unlimited exemption applies to land up to 80 acres outside city or town and up to ¼ acre within city. Federal law requires that you live in the property for at least 40 months prior to the bankruptcy. You may not need to wait for an appointment. Find a Concentra Medical Center near you. We believe in the democracy of style and service.