There are no income and homestead value limits for categories 4V, 4S, 5, and 7. The. Homestead exemption applications must be filed annually between February 2 and June 30.Application forms are typically available beginning February 2. 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. 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. Homestead Exemption Laws Change. YES. NO. 3 If you or your spouse are currently residing in a nursing home, please answer these questions: • What date did you enter the nursing home? The property will remain homestead until the property is sold or transferred to another person. Property tax relief program for eligible homeowners, including those over age 65, disabled individuals, and disabled veterans.