Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address.In New York, the homestead exemption applies to real property, including your home, condominium, or co-op. It also applies to a mobile home. This local option prevents any large shift of the property tax burden to the residential class of property owners after a revaluation. You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. There are increases to other state exemptions as well, including the automobile. This exemption can be applied to all residential property up to five dwelling units of which at least one is owner occupied. To qualify for the exemption, the property owner must be 65 years old or older on January 1 of the year they are applying for. AN ACT relating to out-of-network billing.