Homestead status can save you money on your property taxes. Individual taxpayer identification numbers now qualify property owners for homestead exclusion.Certain exemptions may also require Form 50-114-A. The exemptions apply only to property that you own and occupy as your principal place of residence. Filing Deadlines: File this application between January 1 and April 30. Most counties have the homestead exemption form online. Applying for the homestead exemption is FREE and easy. General Exemption Form 50114. ​​ You can use Texas Comptroller Form 50-114 to apply for the General Homestead Exemption. This video covers how to fill out Texas Residential Homestead Exemption with a focus on Bexar County.