To qualify for a homestead exemption, you must own and occupy the property on which you are applying. It is FREE to apply for the General Homestead Exemption.It's just five pages it's really pretty simple to fill it out it doesn't cost you anything you can only do it from January 1st through April 30th. GENERAL INFORMATION: Property owners applying for a residence homestead exemption file this form and supporting documentation with the appraisal district in. Otherwise, download the Texas Residence Homestead Exemption Application and complete it according to the instructions. In this video I will explain exactly what is onet exemption how you can qualify for it and where to go exactly to fill it out. 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 can apply for your homestead exemption online on your appraisal district website. How much is the homestead exemption in Austin (Travis County), Texas? If you do not want to file online you can also fill out the Texas Homestead Exemption Form (50-114) and mail it in with associated documentation.