Disabled applicants must complete form DTE 105E,. The Taxpayer Relief Act provides for property tax reduction allocations to be distributed to school districts through a "homestead or farmstead exclusion."Download and complete an application form, including the section on household income. You may qualify if you're a senior citizen, veteran or lowincome homeowner. How To Apply For A Homestead Exemption. The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills. 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.