Nebraska Homestead Exemption. Nebraska Homestead Helpline: (888) 475 - 5101.Nebraska Homestead Exemption Application, Form 458. For more information or to apply, Veterans should contact the County Treasurer in their county of residence. Nebraska County Treasurer Directory. The Eligible Funds Exemption is for veterans who bought homes using "eligible funds," including pensions, bonuses, insurance, and mustering out pay. Obtaining a veterans exemption is not automatic – If you're an eligible veteran, you must submit the initial exemption application form to your assessor. The DVA Certification Letter can be requested through the Sarpy County Veteran's Service Office (VSO). The Veterans Exemption helps veterans and their family members reduce their property taxes. To be eligible, the property must be your primary residence.