Individuals who purchase a home may submit an application for homestead exemption up until December 31st of the year of acquisition. This exemption applies to all homeowners.When applying for a homestead exemption, the Orleans Parish Assessor's Office must submit a change order to the Louisiana Tax Commission (LTC). In a revocable trust, the settlor (homeowner) can revoke the trust at any time and get the home back. First responders may now apply for additional property tax exemption. Application for Property Tax Exemption. Electronic copy of your ID (driver's license or state ID). Address on the ID must match the address of the property for which the exemption is being applied.