Complete the Homestead Declaration form. The form must be printed legibly in black ink.If you own a home, you should consider filing a homestead declaration with the County Recorder in your county. The guide below is intended to provide you assistance in preparing and recording a homestead declaration on your own. You should homestead your home if it is primary residence. As you own your home and it goes up on value so does the equity value. The homestead exemption in Nevada applies only to the homeowner's primary residence, which means the dwelling where they primarily reside and intend to remain. Approved Homestead Declaration Form can be found on the recorder's website for the county in which your property is situated. After the necessary. You must live in the home to qualify for the tax break.