You will need to file the Declaration with the Clerk and Recorder's Office in the county where the homestead is located. Need More Information?Findings—2021 c 290: "The legislature finds that the homestead exemption is intended to protect the homeowner's equity in a home against unsecured creditors. The homestead can't exceed one acre in a city or 160 acres in a rural area. This can provide asset protection from creditors for at least some of house's value. If you're eligible for the homestead exemption, the application process will vary depending on where you live. The Homestead Act of 1862 enabled thousands of individuals and families to claim land in Montana. The act offered 160 acres of land to United States Citizens. Oregon, Utah and Washington. Homestead exemptions are only for one primary residence, and no other exemption can be claimed on any other property anywhere.