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. A property owner must apply for an exemption in most circumstances.You must apply with your county appraisal district to get a homestead exemption. Applying is free and only needs to be filed once. GENERAL INFORMATION: Property owners applying for a residence homestead exemption file this form and supporting documentation with the appraisal district in. Bought a primary residence within the past year in Texas? It's time to file for your Texas Homestead Exemption. Dallas, Texas offers a full homestead exemption to the over-65 population, allowing them to eliminate all property taxes from their bill. Everyone in Texas who owns a home is entitled to the homestead exemption. It saves money and not paying as much in taxes is a benefit for everyone.