Disabled Veterans Market Value Exclusion
This program provides a market value exclusion for property tax purposes for the homestead property of an honorably discharged veteran who has a service-connected disability rating of 70 percent or higher, as determined by the United States Department of Veterans Affairs.
Qualifying veterans with a 70 percent disability rating or higher are eligible for a market value exclusion of $150,000. Qualifying veterans who are totally (100 percent) and permanently disabled are eligible for a market value exclusion of $300,000.
Spouses of deceased veterans who were 100% totally and permanently disabled and those who receive dependency and indemnity compensation may also qualify for a market value exclusion of $300,000 for 8 years.
Applications are due to the County Assessor’s department by July 1st of the assessment year in order to receive this benefit for taxes payable the following year.
A fact sheet on this program is available from the Department of Revenue. If you have specific questions, feel free to contact your assessor or your Veteran's Services officer.