Check List – Fill out the Homestead Declaration Form completely, sign it and have it notarized. The Homestead Benefit program provides property tax relief to eligible homeowners.This local option prevents any large shift of the property tax burden to the residential class of property owners after a revaluation. If you answer "Yes" at line 7, the Homestead. Taxpayers should use these forms and guides to apply for local tax abatements and exemptions and file property returns. You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year.