Additional exemptions are available for veterans. The Taxpayer Relief Act provides for property tax reduction allocations to be distributed to school districts through a "homestead or farmstead exclusion."Nebraska Homestead Exemption. Nebraska Homestead Exemption Application, Form 458. A homestead exemption can benefit homeowners if one spouse in a twoincome household dies. So, a homestead exemption is a legal provision designed to protect the value in a principal dwelling place. Nebraska. Exemption. Homestead exemption applications must be filed annually between February 2 and June 30. Application forms are typically available beginning February 2. Homestead exemptions If you are using your Pennsylvania property as your primary residence, you may be eligible for a homestead exemption.
