This video will cover how to fill out the homestead exemption form. GENERAL INFORMATION: Property owners applying for a residence homestead exemption file this form and supporting documentation with the appraisal district in.You must apply with your county appraisal district to get a homestead exemption. Applying is free and only needs to be filed once. Bought a primary residence within the past year in Texas? It's time to file for your Texas Homestead Exemption. An owner may only file one homestead exemption, and the application must be filed with the Appraisal District in the county the property is located in. A residence homestead exemption removes a portion of or the total amount of a property's value from taxation for property tax purposes. According to the tax office, a Residence Homestead Exemption Application can be filed for free with Form 50114. We follow a nondiscriminatory policy of homebuyer selection and are accountable to mortgage lending laws.