A homestead exemption can benefit homeowners if one spouse in a twoincome household dies. This guide will delve into homestead exemptions, what they are, who is eligible, how to apply, which states have them, and more.To make sure you don't miss out, check with your county assessor's office. If you move to your new residence before your first home is sold, the exemption expires on December 31 of the year you move out. To ensure you qualify, be sure to click the link next to the summary to see your state's complete tax exemption requirements. Section 211.7cc and 211.7dd of the General Property Tax Act, Public Act 206 of 1893, as amended, addresses PRE claims.