The Taxpayer Relief Act provides for property tax reduction allocations to be distributed to school districts through a "homestead or farmstead exclusion." The Homestead Exemption reduces the taxable portion of your property assessment if you own your primary residence in Philadelphia.To receive a homestead or farmstead exclusion, a Pennsylvania resident must submit an application to the county assessor prior to March 1. Homestead exemption applications must be filed annually between February 2 and June 30. Application forms are typically available beginning February 2. Depending on your disability rating, income and the state you live in, you may be able to receive a partial or full property tax exemption. Gov or call the Forms Line at (603) 230-5001. If you have a substantive question or need assistance completing a form, please contact Taxpayer Services at (603) 230-5920. Search Prior Year Forms. You may still be eligible.