This application must be submitted to the Property Valuation Administrator's ( PVA ) Office during the year in which exemption is sought. An application must be completed and filed in the Property Valuation Office along with documentation verifying age.Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address. Only. 1 exemption per residence is allowed. Homeowners can make application for the homestead exemption year round but applications must be completed on or before April 1 to apply to the current tax year. This can provide asset protection from creditors for at least some of house's value. Homestead exemptions can protect a home up to a certain value of the homeowner's equity in it. The homestead exemption will automatically renew each January and the automatic exemption renewal notice will be mailed annually on or before February 1. This date change is due to the new software implementation in the Tax Assessors office.