Two forms of identification or proof of address. The Taxpayer Relief Act provides for property tax reduction allocations to be distributed to school districts through a "homestead or farmstead exclusion."To receive a homestead or farmstead exclusion, a Pennsylvania resident must submit an application to the county assessor prior to March 1. If the property has more than one owner, signatures of additional owners are not required. The Homestead Exemption reduces the taxable portion of your property assessment if you own your primary residence in Philadelphia. Download the Act 50 Applications(PDF, 1MB) and complete it. To receive a homestead or farmstead exclusion, a Pennsylvania resident must submit an application to the county assessor. If the property has more than one owner, signatures of additional owners are not required. 2. If the property has more than one owner, signatures of additional owners are not required. Please read the instructions before completing this application.