Disabled applicants must complete form DTE 105E,. The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills.Age 65 and older have no exemption limit. Several programs assist low-income people with their property taxes. 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. Your homestead is in Michigan (whether you rent or own). 2023 Senior Citizens Homestead Property Tax Form MI-1040CR-1 or. 4. Depending on your disability rating, income and the state you live in, you may be able to receive a partial or full property tax exemption. Homestead Exemption Laws Change.