A homestead exemption is a legal provision that helps to reduce the amount of property taxes on owner-occupied homes. The home must be your primary residence.Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address. A homestead exemption reduces the amount of property taxes homeowners owe on their legal residence. A Homestead Exemption is a legal provision that helps reduce the amount of property taxes owed on owneroccupied homes. The filing deadline is March 1st of each tax year. Fulton County homeowners have until April 1 to apply for a homestead exemption and receive a discount on their city, county and school property taxes. In Georgia, homeowners are able to receive a significant discount on property taxes if the home is their primary residence. Please visit the Fulton County Board of Tax Assessors website to find out more information about county exemptions that you may be eligible for.