The homestead exemp- tion provides a reduction in property taxes to qualified senior or disabled citizens, or a surviving spouse, on the dwelling that is that. Who is eligible for a Homestead Exemption?Homestead and Other Property Tax Exemptions. The homestead can't exceed one acre in a city or 160 acres in a rural area. There are no income or age requirements. Select all exemption(s) for which you are applying: Basic Homestead Exemption. Individual must be age 65 or older and have lived in the home for at least 10 years. There are no income or age requirements for this exemption type. An unmarried surviving spouse, regardless of age. You must be able to prove Utah residency and household income to qualify.