New Homestead Exemption: Homestead Exemption Application for Property Owners 65 and over. File the 65 plus Homestead Exemption electronically.A homestead exemption is a legal provision that helps to reduce the amount of property taxes on owner-occupied homes. Fulton County homeowners can qualify for a variety of homestead exemptions offered through the Fulton County Tax Assessors office. Step 1: In order to qualify for an exemption, you must occupy the property on January 1 of the year application is made. An application for homestead exemption can be filed anytime during the year, however to be effective it must be filed before the Tax Commissioner of the County. You must file with the county or city where your home is located. Each county has different applications and required documents. When applying for a homestead exemption, someone listed on the deed must complete an application. Locate your county on the map or select from the drop-down menu to find ways to pay your personal property tax.