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Get Form 50 114 Instructions

Exemption STEP 3: Check exemptions that apply to you. GENERAL RESIDENCE EXEMPTION: You qualify for this exemption if (1) you owned this property on January 1; (2) you occupied it as your principal residence on January 1; and (3) you or your spouse have not claimed a residence homestead exemption on any other property. AGE 65 OR OLDER EXEMPTION: You qualify for this exemption if you are 65 years of age or older. You cannot claim a disability exemption if you claim this exemption. Mor.

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