This comprehensive guide delves into how the Act not only safeguards your home's equity but also plays a pivotal role in scenarios like divorce and bankruptcy. There are several requirements you need to meet before you can claim the homestead exemption.First, you must be an Arizona resident. Documents Required With Exemption Application: Disabled Person: Medical certification from a licensed physician on form ADOR82514B. The County Assessor may require that a Veterans Administration (VA) VA. Benefit Summary Letter accompany the initial affidavit. Exemption Requirements. Exemption Application. The property owner must be 65 or older.