Disabled applicants must complete form DTE 105E,. This can provide asset protection from creditors for at least some of house's value.The homestead exemption can decrease the taxable value of your home, so you'll pay fewer property taxes. The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills. An individual is entitled to a homestead exemption consisting of property in this state in an amount not exceeding: An unmarried surviving spouse, regardless of age. You must be able to prove Utah residency and household income to qualify. Home > Homestead Act (1862). Milestone Documents. We follow a nondiscriminatory policy of homebuyer selection and are accountable to mortgage lending laws.