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. GENERAL INFORMATION: Property owners applying for a residence homestead exemption file this form and supporting documentation with the appraisal district in.Applications for property tax exemptions are filed with the appraisal district in the county in which the property is located. If you are 65 or older your residence homestead qualifies for more exemptions which will result in greater tax savings. Use Form 8898 to notify the IRS that you became or ceased to be a bona fide resident of a US territory in accordance with section 937(c). You may apply for homestead exemptions on your principal residence. Homestead exemptions remove part of your home's value from taxation so they lower taxes. I'm going to show you how to file your homestead exemption in Dallas County Texas. Texas property tax homestead exemption who qualify for primary residence! Free form, no cost to file; save hundreds or thousands annually.