Nebraska Homestead Exemption. Nebraska Homestead Helpline: (888) 475 - 5101.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. Homestead exemption applications must be filed annually between February 2 and June 30. Application forms are typically available beginning February 2. How do I get help filling out the Form 458 Schedule 1 income statement? Our office will help applicants fill out the forms. I also declare that I am entitled to the Nebraska homestead exemption and have not applied for a homestead exemption elsewhere in the state. This can provide asset protection from creditors for at least some of house's value.