To qualify, you must own and reside in your home on January 1 of the year application is made and cannot claim a homestead exemption on any other property. Some lenders, such as Homestead Financial Mortgage, may require you to fill out form PTAX342 before closing.This video is the exact tutorial the exact demo on how to do the homestead exemption how to file it. To be eligible for the general homestead exemption: •. The homestead exemption applies to the house you live in. Dallas County Memorandum of a Contract Form. Fill in the blank form formatted to comply with all recording and content requirements. Illinois has some of the highest average property and sales tax rates in the country. Dallas grew up in Annapolis, IL and went to school in Hutsonville, graduating in 1997. No, homestead exemption application needs to be submitted only once.
