Nebraska Homestead Exemption. Nebraska Homestead Exemption Application, Form 458.How to Apply for Homestead Exemptions Homestead applications must be filed with the county assessor after February 1, and on or before June 30 of each year. If you have not yet filed your 2024 Nebraska Homestead Exemption Application, you may still be eligible to apply for a property tax exemption. How do I get help filling out the Form 458 Schedule 1 income statement? Our office will help applicants fill out the forms. Homestead exemption applications must be filed annually between February 2 and June 30. Application forms are typically available beginning February 2. This can provide asset protection from creditors for at least some of house's value. Like the homestead exemption, only school districts are required to offer this exemption.