The purpose of this guide is to help Fulton County residents learn more about the homestead exemptions that are available to you. Fulton County homeowners can qualify for a variety of homestead exemptions offered through the Fulton County Tax Assessors office.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. Have all owners who occupy the property as their primary residence sign the certification statement that is included in the letter. The Homestead benefit is limited to residential property. Homestead Exemptions, etc.