The Taxpayer Relief Act provides for property tax reduction allocations to be distributed to school districts through a "homestead or farmstead exclusion." A homeowner must file for the homestead exemption with the correct county recorder's office.An example of a form can be found HERE. The regular filing deadline is February 15th to receive the full exemption. Homeowners who are over 65 have a short window to apply for exemptions from parcel taxes that show up on their property bills. The mission of the Department of Community and Economic Development (DCED) is to foster opportunities for businesses to grow and for communities to succeed. Special assessment exemptions. There are a variety of special assessments, also known as parcel tax, that offer exemptions for seniors or disables persons. Click here to sign up or call 1-888-222-9190. Homestead: This exemption can help homeowners reduce state property taxes and protect surviving spouses from creditors.