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. A property tax exemption excludes all or part of a property's value from property taxation, ultimately resulting in lower property taxes.Homestead Exemption of Householder. This video covers how to fill out Texas Residential Homestead Exemption with a focus on Bexar County. 1) Complete the highlighted area on the homestead application. 2) Print and sign the completed homestead application. To qualify for a homestead exemption in Texas the property must be the homeowner's primary residence. First, you will need to submit a completed application form. This form can be obtained from the county appraisal district office or from their website. I'm going to show you how to file your homestead exemption in Dallas County Texas.