Homestead Exemption is one way to reduce the amount of property tax you pay on your residential property. You must file your homestead exemption application with your county tax officials.Homestead Applications are Filed with Your County Tax Officials - Application for homestead exemption must be filed with the. To qualify for the school tax homestead exemption, you must be 65 years of age on January 1st of the year you apply. A real property mobile home is taxed with the land and may qualify for a homestead exemption. An application for homestead exemption can be filed anytime during the year, however to be effective it must be filed before the Tax Commissioner of the County. To be eligible for the homestead exemption, you must own, occupy, and designate the property as your legal residence as of January 1st of the tax year. A homestead exemption is a property tax reduction available to those who own and occupy a property as their principal place of residence. How can I apply for a homestead exemption or tax deferral? And they must still file for homestead exemption and personal property exemption.