General Information - Homestead Property Tax Credit (MI-1040CR). The request for your Social Security number is authorized under USC Section 42.May I claim the exemption? Yes. Complete the affidavit using your name, address, social security number and signature, not the information of the land. The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills. You should complete the Homestead Property Tax Credit Claim form (MI-1040CR) to see if you qualify for the credit. Use form MI-1040CR, or if you are blind, in the active military, are an eligible veteran or an eligible veteran's surviving spouse, request form MI-1040CR-2. Your local assessor will adjust your taxes on your next prop-. President Abraham Lincoln signed the Homestead Act on May 20, 1862. If you are living only in a part of the home you may file a partial homestead exemption.