Complete the Homestead Declaration form. The form must be printed legibly in black ink.1. Complete the Homestead Declaration Form. Depending on where you live, you can apply online through the state treasury office or the designated tax assessor in your appraisal district. A homestead exemption can benefit homeowners if one spouse in a twoincome household dies. A homestead exemption basically protects you from creditors as far as protects your equity in the house. Nevada Homestead Law: What's Protected? The homestead can't exceed one acre in a city or 160 acres in a rural area. If alodial title has been established, the exemption extends to all equity in the land, dwelling and appurtenances. Each state has its own laws surrounding exemptions.
