Homestead Exemptions in Montgomery County Texas is a Homestead State and therefore offers a Homestead Exemption for home owners. The Texas Homestead Exemption began as protection for the wives and children of the early settlers in the event the man of the house was killed. This exemption protected the home(stead) of the wives and children of a deceased breadwinner from being removed or taken away because of some improper or manufactured claim of debt. As a state constitutional protection, it has withstood the test of time and remains virtually unchanged.