Disabled Veterans Homestead Market Value Exclusion
Homesteaders who are honorably discharged veterans with a service-connected disability rating of 70 percent or more may qualify for a Disabled Veterans Market Value Exclusion. Disability ratings are determined by the United States Department of Veterans Affairs.
- Qualifying veterans with a disability rating of 70 percent 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 percent totally and permanently disabled, and those who receive dependency and indemnity compensation, may also qualify for a market value exclusion of $300,000 for eight years.
Applications are due to the Assessor’s Department by December 31 of the assessment year in order to receive this benefit for taxes payable the following year.
A fact sheet about the program is available from the Department of Revenue: