Homestead Exemption is one way to reduce the amount of property tax you pay on your residential property. A homestead exemption reduces the amount of property taxes homeowners owe on their legal residence.APPLICATION FOR HOMESTEAD TAX EXEMPTION and FLOATING HOMESTEAD EXEMPTION. NAME. ADDRESS. PARCEL I.D. NO. To the Tax Commissioner of Forsyth County, Georgia. It is a complete listing of property owners, their street addresses, legal addresses, property locations, exemptions, assessments and taxes due. In order to file for homestead exemption, the homeowner must be the owner of record and occupy the property as the principal residence. A homestead exemption is a property tax reduction available to those who own and occupy a property as their principal place of residence. And they must still file for homestead exemption and personal property exemption. Property tax returns are filed with the TAX ASSESSORS' OFFICE between January 1 and April 1 at 110 E. Main St., Suite 260, Cumming, GA 30040, (770) 781-2106. • Applies to County Operations.