There are no income and homestead value limits for categories 4V, 4S, 5, and 7. The. The home must have been the principal place of residence of the owner on the lien date, January 1st.The homestead can't exceed one acre in a city or 160 acres in a rural area. The Nebraska Homestead Exemption Application, Form 458, must be filed with the Sarpy County Assessor's Office between February 2 and June 30, 2022. How to Apply for Homestead Exemptions Homestead applications must be filed with the county assessor after February 1, and on or before June 30 of each year. When applying for your county's homestead exemption, you must show proof of your income. The 2024 Nebraska Homestead Exemption Application is due July 1, 2024. When applying for your county's homestead exemption, you must show proof of your income. 7. Qualified totally temporary disabled veterans and their surviving spouses. The exemption is available to homeowners who meet specific eligibility requirements, such as age, disability status, or income level.