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. Click "View More Options" under the "Real Property" tile, then select "Submit a Homestead Deduction Application" under "Real Property Quick Links.President Abraham Lincoln signed the Homestead Act on May 20, 1862. DC.gov for the applicable submission and information. The homestead can't exceed one acre in a city or 160 acres in a rural area. This guide will delve into homestead exemptions, what they are, who is eligible, how to apply, which states have them, and more. UBI number: Federal Employer Identification Number: Does your organization currently have a property tax exemption on any property in Washington? Homestead Exemption Laws Change. The amount of the appraised value of the permanent residence and up to a one (1) acre homesite may be excluded from taxation.