There are no income and homestead value limits for categories 4V, 4S, 5, and 7. The. Maryland requires all homeowners to submit a onetime application to establish eligibility for the Homestead Tax Credit.The homestead can't exceed one acre in a city or 160 acres in a rural area. You may file this application online at onestop.md. The Nebraska Homestead Exemption program is a property tax relief program for qualified individuals who own a home in Nebraska. The exemption is available to homeowners who meet specific eligibility requirements, such as age, disability status, or income level. Delaware. Exemption. Individual must be age 65 or older and have lived in the state for at least 3 years. When applying for your county's homestead exemption, you must show proof of your income.