The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills. A tax credit for qualified Michigan home owners and renters, which helps to pay some of the property taxes homeowners or renters have been billed.A homestead exemption can benefit homeowners if one spouse in a twoincome household dies. The homestead can't exceed one acre in a city or 160 acres in a rural area. Ohio's constitution limits the homestead exemption to seniors, permanently disabled and their surviving spouses. This can provide asset protection from creditors for at least some of house's value. Disabled applicants must complete form DTE 105E,. Disabled applicants must complete form DTE 105E,. Since you vote in the township where the apartment is located and the apartment is the address on your driver's license. 5.