A general residential homestead exemption is available to taxpayers who own and reside at a property as of January 1 st of the year. It's just five pages it's really pretty simple to fill it out it doesn't cost you anything you can only do it from January 1st through April 30th.This toolkit provides Travis County property owners with important information on the property tax system and homestead exemptions. A contract is whatever the two parties agree to it. There is no such thing as standard contract in the sense that you have to use this. Learn how to get approval to set up infrastructure on your land. This is the first step in dividing land for individual sale or development. Within the realm of homestead exemptions, "primary residence" carries a specific definition.