Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address.You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. Though all property is assessed, not all of it is taxable. See a list of common property tax exemptions in New York State. Determine your home's current market value. You should make a copy of your completed renewal application to keep for your records. A property tax exemption is available to qualifying senior citizens and the surviving spouses of seniors who previously qualified. If property is held in a trust: Must provide trust papers. Homestead exemption protect property assets from probate.