The Homestead Exemption reduces the taxable portion of your property assessment if you own your primary residence in Philadelphia. The Taxpayer Relief Act provides for property tax reduction allocations to be distributed to school districts through a "homestead or farmstead exclusion."Disabled applicants must complete form DTE 105E,. By signing this application, the applicant is affirming or swearing that all information contained in the application is true and correct. The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills. The Homestead Exemption reduces the taxable portion of your property's assessed value. There are no income limits. If you're eligible for the homestead exemption, the application process will vary depending on where you live. Please read instructions on reverse side before completing application. Applications must be filed with the County Assessment Office by.