The Homestead Exemption reduces the taxable portion of your property assessment if you own your primary residence in Philadelphia. The stateset deadline to apply is Thursday.(1) Real property shall be eligible for the exemptions provided for under this Chapter if it meets all of the following conditions. Taxpayer must report change in eligibility (e.g. The following forms can be printed and submitted to your county DRS. Read the descriptions to determine which forms are appropriate for your needs. Application for homestead exemption benefits must be filed between January 1 and April 1. 825 Philadelphia St. Indiana, PA 15701-3973. Registration can be completed online or in person. Participants in the freeze program can also sign up for the Homestead Exemption.