Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address.Purchases described in item G are exempt from all state and local sales and use taxes when delivered or used outside New York City, but subject to New. Explore the nuances of New York's Homestead Exexemption. This guide breaks down everything you need to know, from who qualifies to how it can shield your home from certain debts and lower your property taxes. In bankruptcy, a homestead exemption protects equity in your home. Here, you'll find specific information about the homestead exemption in New York. You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year.