This program may protect your home equity from judgments, liens, and creditors. The 124th Maine Legislature in 2010 revised the Homestead Exemption law.The Homestead Exemption reduces the taxable portion of your property assessment if you own your primary residence in Philadelphia. After that period expires, Florida law does not permit the county property appraiser to accept an application for that calendar year. (You can file both federal and State. Income Tax returns.) Page 3. If known, fill in the parcel number of the property for which you are seeking a homestead exclusion. Two forms of identification or proof of address. Property Tax Forms, Application for Installment Payment Plan, Document, Application for Installment Payment Plan, Request For Cancellation of Penalties. The filing deadline is June 1 of the year the exemption is being claimed for a full year exemption.