Homestead status can save you money on your property taxes. Individual taxpayer identification numbers now qualify property owners for homestead exclusion.How to Apply for Homestead Exemptions Homestead applications must be filed with the county assessor after February 1, and on or before June 30 of each year. Homestead exemption applications must be filed annually between February 2 and June 30. Application forms are typically available beginning February 2. You are required to provide your social security number as part of the homestead application process. This is equal to the median property tax paid. Tax rates in Hennepin County are among the highest in the state and somewhat higher than the national average. Normal parking rules apply. Snow Emergency Updates Close.