The applicant and the applicant's spouse must be residents of Mississippi to be eligible for homestead exemption benefits. Application for homestead exemption benefits must be filed between January 1 and April 1.A detailed list of information is required to file the initial application. Industrial Exemptions. For homeowners who are older than 65 or completely disabled, the homestead exemption does not use the regular homestead exemption sliding scale. To qualify for a homestead exemption the residence must be owner occupied. To qualify for a homestead exemption the residence must be owner occupied. MS Soccer vs Franklin Co. PM - PM. Feb 6. MS Baseball vs White. Homestead exemptions.