Overview of the Homestead Act. File with your local Registry of Deeds.This can provide asset protection from creditors for at least some of house's value. A homestead exemption is a legal provision that shields a home from some creditors following the death of a homeowner's spouse or the declaration of bankruptcy. Unlimited exemption applies to land up to 80 acres outside city or town and up to ¼ acre within city. Check List – Fill out the Homestead Declaration Form completely, sign it and have it notarized. Depending on your state, you can apply for your exemption online or you'll need to visit a local government office to fill out the paperwork. For Fiscal Year 2025 you have until April 1, 2025, to file an application. Douglas County has additional exemptions. Any honorably discharged Veteran with a service-connected total disability is exempt from all property taxes on the assessed value of homestead property.
