GENERAL INFORMATION: Property owners applying for a residence homestead exemption file this form and supporting documentation with the appraisal district in. Overview of the Homestead Act.This video will cover how to fill out the homestead exemption form. A homestead exemption protects at least part of the value of the homestead from creditors. The homestead provisions set out in the Texas Constitution create an exemption that precludes the seizure or forced sale of property. You must apply with your county appraisal district to get a homestead exemption. Applying is free and only needs to be filed once. You must live in the home to qualify for the tax break. A person may not receive an exemption under this section for more than one residence homestead in the same year.