Obtaining a residential homestead exemption begins with an application filed with the appraisal district in the county where your property is located. GENERAL INFORMATION: Property owners applying for a residence homestead exemption file this form and supporting documentation with the appraisal district in.Section 3 Property information. This exemption provides homeowners with an expanded Homeowner Exemption with no maximum exemption amount. An owner may only file one homestead exemption, and the application must be filed with the Appraisal District in the county the property is located in. Limit on loans taken out after December 15, 2017. Limit when loans exceed the fair market value of the home. Gov (Enter Homestead Exemption in the search box.). Perhaps the best known and most widely applied exemption is the General Homestead Exemption.