Definition

• Homestead tax filing allows homeowners reductions in property tax fees depending on state-governed exemptions to which an owner may be entitled. The homestead exemption also is a way to protect an owner of real property from a forced sale or property seizure by creditors, according to IRS.gov.
  
  

Filing

• Those applicable for homestead tax exemptions answer "Yes" on line 22 of the standard IRS tax form.
  
  

Proof

• Proof of real property ownership is required before filing for the homestead tax exemption. Proof includes a warranty deed, recorded contract for deed, recorded quit-claim deed, title certificate or a state-certified document stating you as the owner of said property.
  
  

Exemptions

• Exemptions vary by state. In Texas, residence homeowners receive a $15,000 exemption from their home's value for school taxes, if applicable, as stated by window.state.tx.us. Those older than 65 or disabled are applicable for further homestead exemptions in Texas.