Disabled applicants must complete form DTE 105E,. The Homestead Program is designed to provide tax credit relief to citizens who are at least 65 years of age or permanently and totally disabled.You must file the Transfer of Homestead Assessment Difference Form DR-501T with the homestead application Form DR-501 for your new home. First, you must be domiciled in a state to receive the potentially available Homestead Exemption. How do I apply for the homestead exemption? To receive this rollback on property taxes, you either have to complete the "Application for Two and One-Half. The Florida homestead exemption is a property tax break that's offered based on your home's assessed value and provides exemptions within a certain value limit. How to Apply for Homestead Exemption in Ohio. The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills. If title to the home is held in the name of a trust, the applicant must have equitable title or beneficial interest to qualify for the homestead exemption.