Looking for info on Homestead Exemption tax relief? Homestead Exemption In order to qualify for the exemption, you must be a veteran of the armed forces.The first step is to fill out the application form (DTE105A). In 1970, Ohio voters approved a constitutional amendment permitting a Homestead Exemption that reduced property taxes for lower income senior citizens. An Enhanced Homestead exemption is available to disabled veterans which increases the original Homestead from 26,200 to 52,300. Who qualifies for the new Homestead Exemption?