Homestead Exemption is one way to reduce the amount of property tax you pay on your residential property. A homestead exemption reduces the amount of property taxes homeowners owe on their legal residence.Homestead exemption for persons sixty-five (65) years of age or over. HOMESTEAD EXEMPTION FILING DATES ARE JANUARY 1st THROUGH April 1st. Effective June 1, 2005 homestead exemptions may be filed for any time during the year. It is a complete listing of property owners, their street addresses, legal addresses, property locations, exemptions, assessments and taxes due. Calculate how much you'll pay in property taxes on your home, given your location and assessed home value. The application shall be filed with the board of tax assessors of the county in which the property is located. Securing your today and tomorrow. Prepare - laptop Prepare.