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(on Archives.gov) Passed on May 20, 1862, the Homestead Act accelerated the settlement of the western territory by granting adult heads of families 160 acres of surveyed public land for a minimal filing fee and 5 years of continuous residence on that land.
Tax Years 2011-2014 1  : Certain individuals are eligible to claim up to $750 if they pay rent or $1,100 if they pay real estate tax on the home they own and occupy. 2  If you rent from a facility that does not pay property taxes, you are not eligible for a Property Tax Credit.ou can get a credit for up to five acres on which your home sits. If you have more than five acres, you must include an Assessor Certification (Form 948) indicating the amount of tax paid on five acres and your homestead.