To qualify, you must own and reside in your home on January 1 of the year application is made and cannot claim a homestead exemption on any other property. The Homestead Act of 1862 was a revolutionary concept for distributing public land in American history.From 1860 to 1920, thousands of homesteaders poured into Dakota. The Homestead Act of 1862 is recognized as one of the most revolutionary concepts for distributing public land in American history. GENERAL INFORMATION: Property owners applying for a residence homestead exemption file this form and supporting documentation with the appraisal district in. Residence Homestead Exemption Application (includes Age 65 or Older, Age 55 or Older Surviving Spouse, and Disabled Person Exemption). The second installment produced in the Yellowstone franchise, the series consists of ten episodes and concluded on February 27, 2022.