A homeowner can only have one homestead exclusion. AV-10 Application is for property classified and excluded from the tax base under North Carolina General Statute.Do I qualify if my homestead is held in a trust? You may qualify if you hold equitable title, or the beneficial interest for life, in the homestead. A person who holds a life estate interest in a property that he or she occupies as a principal home must declare the property as a homestead. Pay bills you received from us in the mail or set up a payment plan (bills only). Individual Taxes Make tax due, estimated tax, and extension payments.