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 is a legal provision that helps to reduce the amount of property taxes on owner-occupied homes. The home must be your primary residence. Fulton County homeowners can qualify for a variety of homestead exemptions offered through the Fulton County Tax Assessors office. If the proposed homestead exemption is not in the form of a ratio of the. The Homestead Exemption allows a tax discount for homeowners 65 years older and older or totally disabled. A Homestead Exemption is a legal provision that helps reduce the amount of property taxes owed on owneroccupied homes. Anyone can apply for the Basic Homestead Exemption. Mail your completed Form PTAX-324 to: FULTON.