Property Tax Exemptions for Disabled Veterans

Did you know that almost every state in the US has a property tax exemption for disabled veterans? Depending on the state and disability percentage, this tax exemption can be a game changer and could save you thousands. With these new exemptions, qualified disabled veterans are able to take advantage of this new financial relief.

 

What to know about Property Tax Exemptions

Common property tax exemptions are reserved for veterans, disabled veterans, seniors over the age of 65, and more. Since these exemptions can vary by county and state and often have strict qualification standards, not every veteran or homeowner qualifies, but those that do are able to reap the benefits of significant savings.

These rates and conditions vary by location (county, city, state, etc.) and veterans are encouraged to seek more information by contacting their local municipal tax assessor’s office.

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Understanding the benefits available to you

The Department of Veterans Affairs remains dedicated to providing unparalleled homeownership benefits to military members and veterans through the VA Loan program. In addition to the advantages of a VA Loan, there are a variety of other benefits available exclusively to active-duty military and veterans that many aren’t aware of.

At MHS Lending, we believe it’s important for veterans and military families to know all the benefits available to them and take full advantage of them. Since we feel strongly about making sure that you know the benefits available to you, we continue to expand our website with resources like this one and are always available to answer your questions.

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Property tax exemptions are great examples of ways disabled veteran homeowners can save. Below is a chart that lays out a guide to exemptions by state.

State Guide to Minimum Disability Requirements

Alabama

Disabled veterans in Alabama that have a 100% disability as a result of their service can receive a full property tax exemption.

Alaska

Disabled veterans in Alaska that have a 50% (or more) disability as a result of their service can get a property tax exemption on their primary residence up to the first $150,000 of the property’s assessed value.

Arizona

Disabled veterans in Arizona can potentially get a property tax exemption on their primary residence of $3,000 if the assessed value is not more than $10,000.

Arkansas

Disabled veterans in Arkansas may be eligible to get a full property tax exemption on their primary residence if they have lost the use of at least one of their limbs, are legally blind, or are 100% disabled as a result of their service.

California

The state of California offers full property tax exemptions for eligible veterans (or surviving spouses) if the assessed value of their home is not more than $100,000 (may be more due to inflation). Another way to take advantage of full property tax exemptions in California is a low-income exemption where the assessed value of the home is not more than $150,000 (may be more due to inflation) and the income is not more than $64,337 (may be more due to inflation). It is also important to note that a disabled veteran with a 100% disability status can get up to $165,000 deducted from the value of their home, which lowers their tax liability.

Colorado

Disabled veterans in Colorado that have a 100% disability as a result of their service can receive a property tax exemption on their primary residence of 50% of the first $200,000 assessed value. Additionally, there is a property tax deferral in Colorado for eligible veterans who are 65+ and for active-duty military members.

Connecticut

Eligible disabled veterans in Connecticut with a 75%+ disability rating as a result of their service may receive a property tax exemption of $3,000 of the total assessed value of their home. For veterans that have a disability rating of 10%-75% can get a property tax exception of $1,500 of the total assessed value of their home. There are some additional exemptions for veterans that have a more serious disability and/or those that fall below a certain income level.

Delaware

Disabled veterans in Delaware that have a 100% disability as a result of their service can receive a tax credit against 1005 of any non-vocational school district property tax.

Florida

Disabled veterans in Florida that have a 100% disability as a result of their service can receive a full property tax exemption. For veterans that have a 10% or more service-connected disability, they may be eligible to get a property tax exemption of $5,000 on any property they own. Additional exemptions exist for select veterans that are over 65 and some surviving spouses.

Georgia

Disabled veterans in the state of Georgia that have a 100% service-connected disability can receive a property tax exemption on their primary residence of $60,000 or more based on the varying index rate that is set by the US Secretary of Veterans Affairs.

Hawaii

Disabled veterans in Hawaii that have a 100% service-connected disability can receive a full property tax exemption on their primary residence (exemptions vary depending on the county).

Idaho

Disabled veterans in Idaho that have a 100% service-connected disability can receive a property tax exemption on their primary residence up to $1,320.

Illinois

Eligible disabled veterans in Illinois with a 30%-50% disability rating as a result of their service may receive a property tax exemption of $2,500 of the total assessed value of their home. Veterans that have a disability rating of 50%-70% can get a property tax exception of $5,000 and those with 70% or more pay no property tax. Some returning veterans may also be able to receive a $5,000 reduction on the assessed value of their property.

Indiana

Eligible disabled veterans in Indiana that have a 100% service-connected disability, served honorably during a period of wartime, or are 62+ with at least a disability rating of 10% can receive a property tax exemption on their primary residence up to $24,960.

Iowa

Disabled veterans in Iowa that serviced during a period of wartime or served at least 18 months during peacetime can take advantage of a benefit that reduces the assessed home value by $1,852 for property tax purposes.

Kansas

Disabled veterans in Kansas that have a 50% service-connected disability or qualifying family members can receive a property tax exemption on their primary residence.

Kentucky

Eligible disabled veterans in Indiana that have a 100% service-connected disability or are 65+ with at least a 10% service-connected disability rating can receive a property tax exemption on their primary residence up to $39,399.

Louisiana

Disabled veterans in Louisiana that have a 100% service-connected disability can get a property tax exemption on their primary residence up to the first $15,000 of its assessed value.

Maine

Eligible disabled veterans that are 62+, have a 100% service-connected disability, and surviving spouses in Maine can receive a property tax exemption on their primary residence up to $6,000. Veterans that are paraplegic and some spouses may be eligible to take advantage of additional exemptions.

Maryland

Disabled veterans in Maryland that have a 100% service-connected disability can get a full property tax exemption on their primary residence.

Massachusetts

Eligible disabled veterans in Massachusetts can qualify to get property tax exemptions on their primary residence. Those that qualify have a 10%+ disability rating as a result of their service, have to have lived in MA for at least six months prior to enlisting and have to have lived in the state for five years consecutively. Other exemptions may apply for veterans that have received a Purple Heart, have lost limbs, or is blind in both eyes as a result of their service. If a veteran has a 100% disability score related to service, they may also be able to receive a $1,500 exemption.

Michigan

Disabled veterans in Michigan that have a 100% service-connected disability can get a full property tax exemption on their primary residence. Additionally, active-duty military members may also be able to take advantage of homestead tax credits and property tax relief.

Minnesota

Disabled veterans in Minnesota that have a 100% service-connected disability and some surviving spouses can get a full property tax exemption on their primary residence of up to $300,000. Disabled veterans with a disability rating of 70%+ may be able to receive an exemption of up to $150,000.

Mississippi

Disabled veterans in Mississippi that have a 100% service-connected disability can get a full property tax exemption on their primary residence if the assessed value of up to $7,500.

Missouri

Disabled veterans in Missouri that have a 100% service-connected disability or are a former POW can get a credit on their primary residence up to $1,100 tax exemption.

Montana

Disabled veterans in Montana that have a 100% service-connected disability and some surviving spouses can get a property tax exemption on their primary residence.  Exemption amounts can vary based on several key factors including marital status and income.

Nebraska

Disabled veterans in Nebraska that have a 100% service-connected disability and can get a full property tax exemption on their primary residence. The amount is based on the total household income.

Nevada

Disabled veterans in Nevada that have a 100% service-connected disability can get a property tax exemption on their primary residence of up to $20,000 of the assessed value. Veterans that have a disability rating between 80%-90% can get a $15,000 deduction, and those that have a rating 60%-79% can get a $10,000 deduction.

New Hampshire

Disabled veterans in New Hampshire that have a 100% service-connected disability, are blind, paraplegic, or are a double amputee as a result of a service in the military and own an adapted home that they bought with help from the VA can get a full property tax exemption on their primary residence. Veterans that have a 100% service-connected disability can receive a tax credit of $701 and some taxing authorities may increase this amount up to $4,000.

New Jersey

Disabled veterans in New Jersey that have a 100% service-connected disability during wartime service can get a full property tax exemption on their primary residence.

New Mexico

Disabled veterans in New Mexico that have a 100% service-connected disability can get a full property tax exemption on their primary residence.

New York

The state of New York offers three different property tax exemptions. These exemptions vary depending on the type of service, disability, and location within the state.

North Carolina

Disabled veterans in North Carolina that have a 100% service-connected disability can get a full property tax exemption on their primary residence of up to the first $45,000 of the appraised value.

North Dakota

Eligible disabled veterans in North Dakota that are paraplegic can get a full property tax exemption on their primary residence for the first $120,00 of the assessed value if the home has been adapted for the disability. Disabled veterans with a disability rating of 30%+ may be able to receive an exemption against the first $36,000 of the property valuation.

Ohio

Disabled veterans in Ohio that have a 100% service-connected disability can get a property tax exemption on their primary residence of up to $50,000 of the market value.

Oklahoma

Disabled veterans in Oklahoma that have a 100% service-connected disability and some surviving spouses can get a full property tax exemption on their primary residence. This Veteran Disability Tax Exemption applies to a few key types of tax including sales tax, ad valorem tax, and excise tax.

Oregon

Disabled veterans in Oregon that have a 40%+ service-connected disability and some surviving spouses can get a property tax exemption on their primary residence. Exemption amounts vary depending on income and increases each year by 3%.

Pennsylvania

Disabled veterans in Pennsylvania that have a 100% service-connected disability during wartime service can get a full property tax exemption on their primary residence. Eligibility may be dependent on financial need for those who earn less than a specified amount.

Rhode Island

Disabled veterans in Rhode Island can get a property tax exemption on their primary residence. Eligibility amount varies depending on a number of factors including the property’s value, the location, and the category of the veteran such as totally/partially disabled, unmarried widow of qualified veteran, POW, etc.

South Carolina

Disabled veterans in South Carolina that have a 100% service-connected permanent disability can get a full property tax exemption on their primary residence and land up to five acres.

South Dakota

Disabled veterans in South Dakota that have a 100% service-connected disability and paraplegic veterans can get a full property tax exemption on their primary residence of up to $150,000.

Tennessee

Disabled veterans in Tennessee that have a 100% service-connected disability, are blind in both eyes, and/or have lost the use of two or more limbs, can get a full property tax exemption on their primary residence on the first $175,000. Exemption amounts can vary based on location.

Texas

Disabled veterans in Texas that have a service-connected disability may be eligible for a property tax exemption. Amounts vary based on disability ratings with $12,000 deductions on the taxable value of their property for veterans with a full 100% disability receiving a full exemption from property taxes, veteras a rating of 70%-100%, $10,000 deductions on the taxable value of their property for veterans with a rating of 50%-69%, $7,500 deductions on the taxable value of their property for veterans with a rating of 30%-49%, and $5,000 deductions on the taxable value of their property for veterans with a rating of 10%-20%.

Utah

Disabled veterans in Utah that have at least a 10% service-connected disability may get a property tax exemption on their primary residence. In Utah, the maximum taxable value of a property for veterans that have a 100% service-connected disability rating is $271,736 and some active-duty military members may be able to receive a full property tax exemption if they are deployed out-of-state for duty.

Vermont

Disabled veterans in Vermont that have at least a 50% service-connected disability can get a property tax exemption on their primary residence of at least $10,000. Exemption amounts can vary based on location with the maximum amount of $40,000.

Virginia

Disabled veterans in Virginia that have a 100% service-connected disability can get a full property tax exemption on their primary residence.

Washington

Disabled veterans in Washington state that have at least an 80% service-connected disability can receive a property tax exemption on their primary residence. Exemption amounts vary based on income and veterans that have less than an 80% service-connected disability score can potentially receive a partial exemption.

West Virginia

Disabled veterans in West Virginia that have a 100% service-connected disability or are 65+ are exempt on paying taxes for the first $20,000 assessed value on a self-occupied property if they resided in West Virginia when they entered military service.

Wisconsin

Disabled veterans in Wisconsin that have a 100% service-connected disability, have a 100% SCD rating, and select surviving spouses can get a property tax exemption on their primary residence. Eligible veterans and spouses must have resided in Wisconsin when they entered military service or for at least five consecutive years after entering.

Wyoming

Veterans in Wyoming that have lived in the state for three or more years and served during a period of war or disabled veterans can get a property tax exemption on their primary residence of $3,000 of the assessed value. If veterans do not use this exemption for their property, they can apply it to the license fee of their vehicle.

District of Columbia

Disabled veterans in Washington, DC that have a 100% service-connected disability can get a full property tax exemption on their primary residence of up to a $500,000 value.

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