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. When applying for a homestead exemption, someone listed on the deed must complete an application. Anyone can apply for the Basic Homestead Exemption. If you own and live in a home in Fulton County, homestead exemptions may help reduce your property taxes. There is no change in the timing of when qualifying residents would see the benefit on their tax bill. The deadline to submit an exemption application is June 30 of each calendar year. After approval, you will receive a confirmation letter for your records.