GENERAL INFORMATION: Property owners applying for a residence homestead exemption file this form and supporting documentation with the appraisal district in. A general residence homestead exempts a portion of your residence homestead's value from taxation, potentially lowering your taxes.Homestead exemptions can help lower the property taxes on your home. Here, learn how to claim a homestead exemption. An owner may only file one homestead exemption, and the application must be filed with the Appraisal District in the county the property is located in. An updated Texas issued Driver License or Identification card showing your current physical address is required to qualify for the homestead exemption. The homestead exemption is available in every county in Texas, providing relief from school and property taxes based on your location. To qualify, you must own and reside in your home on January 1 of the year application is made and cannot claim a homestead exemption on any other property. The Travis Central Appraisal District grants homestead exemptions and assigns you the Owner ID and PIN you will need to apply on your Notice of Appraised Value. You must be a Texas resident.