Senate passes legislation to provide property tax relief for disabled veterans

Disabled veterans who qualified for property tax relief through the Disabled Veterans Standard Homestead Exemption would qualify for a pro-rated break if they move into their home after the first of the year.

Under current law, disabled veterans are eligible to receive reductions in their property taxes, but the breaks don’t kick in for a given year unless the veteran resides in the home by January 1. Senate Bill 2306 requires that the homestead exemptions for veterans with service-related disabilities must be prorated if the veteran moves in to the residence after January 1 of that year.

The available tax breaks vary from $2,500 all the way to a complete exemption on property taxes, depending on the level of the disability. The benefits are also available to spouses of deceased veterans, if the spouse remains unmarried and if their veteran spouse was receiving the benefit before their death.

Chapin Rose

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