General Residence Homestead Exemptions: You may only apply for residence homestead exemptions on one property in a tax year. GENERAL INFORMATION: Property owners applying for a residence homestead exemption file this form and supporting documentation with the appraisal district in.Homestead exemptions can help lower the property taxes on your home. Here, learn how to claim a homestead exemption. A general residence homestead exempts a portion of your residence homestead's value from taxation, potentially lowering your taxes. The application may be available online or in person. Bought a primary residence within the past year in Texas? It's time to file for your Texas Homestead Exemption. Address on the driver's license or identification card MUST be the same as the address on which you are filing an Application for Residence Homestead Exemption. This video covers how to fill out Texas Residential Homestead Exemption with a focus on Bexar County.