Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address.You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. Though all property is assessed, not all of it is taxable. See a list of common property tax exemptions in New York State. How to apply for the Homestead Exemption to reduce your Real Estate Tax bill if you own your home in Philadelphia. In bankruptcy, a homestead exemption protects equity in your home. Here, you'll find specific information about the homestead exemption in New York. Enter the SDAT Real Property Tax Identification Number of the property for which Homestead. Eligibility isrequested.