You must have owned the property as of January 1. While all homeowners may qualify for a basic homestead exemption, there are also many different exemptions available for seniors and people with full medical or.While all homeowners may qualify for a basic homestead exemption, there are also many different exemptions available for seniors and people with full. The deadline for filing for Homestead Exemption is April 1. You can complete your homestead exemption application online: Online Homestead Application. If you are 65 years old as of Jan. Own and reside in the property as your primary residence prior to January 1 of the tax year. School tax benefits for senior citizens. You only have to file once for this exemption as long as you live in the same house. Special exemptions are tax savings available for citizens ages 62 and older, disabled veterans and disabled residents based on income.