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DeSoto Discusses Future Senior Property Tax Exemptions DeSoto City Council Debates Senior Citizen Homestead Exemption Amounts In the DeSoto City Council Workshop held Tuesday evening, Tracy Cormier presented information on the city Senior Citizen Homestead Exemption for DeSoto. It became a subject for discussion in that a decision on whether to change the amount of the exemption would need to be made by the first meeting this coming March. In order to qualify under the current program one must: You must be 65 years of age or older You must own and reside in home Jan 1 and not have an exemption on any other property. ....