IPFS News Link • TAXES: State
Full List of Property Tax Exemptions By State
• Veterans UnitedMichigan Sen. Glenn Anderson didn't draft Senate Bill 104 overnight, just as Virginia State Senate Bill 540 wasn't passed in a day.
Nationwide, legislation to lessen the financial strain on qualified disabled veterans stems from a six-year effort to reduce or fully eliminate property tax liability and now, more than half of the states in the U.S. offer some sort of exemption.
"If you're a disabled veteran, in almost every single jurisdiction, you can petition your local taxing authority and you can have all of your local real estate taxes waived. Some cases, they require it's a one-time waiver; some cases, it's an annual waiver," said Mike Frueh, National Director of the VA Home Loan program. "That's a fantastic benefit."
And that benefit could save you thousands.
Property Tax Exemption
California, for instance, offers a Disabled Veterans' Exemption for these veterans to reduce or eliminate their property tax liability. As long as the property is the veteran's primary place of residence, the full value of the residence does not exceed $150,000, and total household income does not exceed $40,000, a 100 percent disabled veteran can claim a full property tax exemption.
Likewise, Texas offers full exemptions for veterans with a disability rating of 100 percent. The state also offers tax exemptions for a portion of the home's assessed value for other disability ratings. For instance, a 10 to 30 percent disability rating qualifies for an exemption of $5,000 of assessed value, while a 50 to 70 percent rating qualifies for a $10,000 exemption.
However, these rates and conditions can vary by area just as they do by state, so veterans are urged to contact their local municipal tax assessors office for further information. Veterans may also refer to the table found at the end of the article.
Do You Understand Your Benefits?
Unfortunately, many veterans, disabled and able alike, are often unaware of the plentiful benefits available to them. McClatchy-Tribune News reports the VA's 2010 National Survey of Veterans, which includes a variety of questions about coverage as well as understanding of the VA benefits package, found 59 percent of respondents said "their understanding of available benefits was 'a little' or 'not at all.'"
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The Government Accountability Office suggests complexity as a possible factor, while others blame a disconnect in communication between the Department of Veterans Affairs and administering localities. Regardless, U.S. Senator Charles Schumer notes property exemptions in particular as crucial benefits that allow veterans to "afford a home and live stable civilian lives."
"Despite recent affordability, a lot of occupations you find veterans working in don't pay enough to afford a home," Jeffrey Lubell, Center for Housing Policy's executive director, said. Especially when it comes to more disabled veterans who are unable to work altogether, the need for policy change is even greater.
"If vets can't afford decent housing, we've really missed the boat," Lubell said.
|
State |
Minimum Disability Requirement |
| Alabama | A disabled veteran in Alabama may receive a full property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service and has a net annual income of $12,000 or less. |
| Alaska | A disabled veteran in Alaska may receive a property tax exemption of up to the first $150,000 of the assessed value of his/her primary residence if the veteran is 50 percent or more disabled as a result of service. |
| Arizona | A disabled veteran in Arizona may receive a property tax exemption of $3,000 on his/her primary residence if the total assessed value does not exceed $10,000. |
| Arkansas | A disabled veteran in Arkansas may receive a full property tax exemption on his/her primary residence if the veteran is blind in one or both eyes, lost the use of one or more limbs or is 100 percent disabled as a result of service. |
| California | A disabled veteran in California may receive a full property tax exemption on his/her primary residence if the full value does not exceed $150,000, household income does not exceed $40,000 and the veteran is blind in both eyes, lost the use of two or more limbs or is 100 percent disabled as a result of service. |
| Colorado | A disabled veteran in Colorado may receive a property tax exemption of 50 percent of the first $200,000 of the actual value of his/her primary residence if the veteran is 100 percent disabled. |
| Connecticut | A disabled veteran in Connecticut may receive a property tax exemption on his/her primary residence of $1,500 if 10-25 percent disabled and $3,000 if 75-100 percent disabled. In addition, a veteran that is blind in both eyes or lost the use of two or more limbs as a result of service is eligible for a $10,000 exemption. Veterans that lost the use of one limb receive a $5,000 exemption. |
| Delaware | There are currently no state-mandated property tax exemptions for disabled veterans in Delaware. |
| Florida | A disabled veteran in Florida may receive a property tax exemption of $5,000 on any property he/she owns if 10 percent or more disabled and a full exemption if 100 percent disabled as a result of service. |
| Georgia | A disabled veteran in Georgia may receive a property tax exemption of up to $60,000 or more on his/her primary residence, depending on a fluctuating index rate set by the U.S. Secretary of Veterans Affairs. |
| Hawaii | A disabled veteran in Hawaii may receive a full property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service. |
| Idaho | A disabled veteran in Idaho may receive a property tax exemption on his/her primary residence if the veteran is 10 percent or more disabled as a result of service. The exemption amount is determined based on income. |
| Illinois | A qualified disabled veteran in Illinois with a disability of at least 30-50% will receive a $2,500 reduction in EAV; those with 50-70% can receive a $5,000 exemption; and those with 70% or more pay no property tax. |
| Indiana | A disabled veteran in Indiana may receive a property tax exemption of up to $37,440 on his/her primary residence depending on the percent of disability, age and length of service. If the veteran is 100 percent disabled or is 62 years old or older with at least a 10 percent disability as a result of service. |
| Iowa | A veteran in Iowa may receive a property tax exemption of $1,852 on his/her primary residence if the veteran served on active duty during a period of war or for a minimum of 18 months during peacetime. |
| Kansas | A disabled veteran in Kansas may receive a property tax exemption on his/her primary residence if the veteran is 50 percent or more disabled as a result of service. The exemption amount is determined based on income. |
| Kentucky | A disabled veteran in Kentucky may receive a property tax exemption of up to $36,000 on his/her primary residence if the veteran is 100 percent disabled as a result of service. |
| Louisiana | A disabled veteran in Louisiana may receive a property tax exemption of up to the first $150,000 of the assessed value of his/her primary residence if the veteran is 100 percent disabled as a result of service. |
| Maine | A disabled veteran in Maine may receive a property tax exemption of up to $6,000 on his/her primary residence if the veteran is 62 years or older or is 100 percent disabled. |
| Maryland | A disabled veteran in Maryland may receive a property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service. The exemption amount is determined by the Maryland Department of Veterans Affairs. |
| Massachusetts | A disabled veteran in Massachusetts may receive a property tax exemption on his/her primary residence of $400 if 10 percent disabled, $750 the veteran lost the use of one hand, one foot or one eye, $1,250 if the veteran lost the use of both hands, both feet or a combination of the two, or if the veteran is blind in both eyes as a result of service. A veteran may receive a $1,000 exemption if 100 percent disabled as a result of service. |
| Michigan | A disabled veteran in Michigan may receive a full property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service. |
| Minnesota | A disabled veteran in Minnesota may receive a property tax exemption of up to $300,000 on his/her primary residence if the veteran is 100 percent disabled as result of service. Veterans with a disability rating of 70 percent or more may receive an exemption of up to $150,000. |
| Mississippi | A disabled veteran in Mississippi may receive a property tax exemption on his/her primary residence if the assessed value is $7,500 or less and the veteran is 100 percent disabled as a result of service. |
| Missouri | A disabled veteran in Missouri may receive a property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service. |
| Montana | A disabled veteran in Montana may receive a property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service. The exemption amount varies based on income and marital status, as determined by the Montana Department of Revenue. |
| Nebraska | A disabled veteran in Nebraska may receive a full property tax exemption on his/her primary residence if the veteran is 100% disabled regardless of property value, income level or if the disability resulted from service. |
| Nevada | A disabled veteran in Nevada may receive a property tax exemption of up to $20,000 of the assessed value of his/her primary residence if the veteran is 60 percent or more disabled as a result of service. |
| New Hampshire | A disabled veteran in New Hampshire may receive a full property tax exemption on his/her primary residence if the veteran is 100 percent disabled, has lost two or more limbs or is blind in both eyes as a result of service. |
| New Jersey | A disabled veteran in New Jersey may receive a full property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service. |
| New Mexico | A disabled veteran in New Mexico may receive a full property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service. |
| New York | A disabled veteran in New York may receive a property tax exemption on his/her primary residence. The exemption amount varies based on type of service and disability, as determined by the New York State Division of Veterans Affairs. |
| North Carolina | A disabled veteran in North Carolina may receive a property tax exemption of up to the first $45,000 of the appraised value of his/her primary residence if the veteran is 100 percent disabled as a result of service. |
| North Dakota | A disabled veteran in North Dakota may receive a property tax exemption of up to the first $120,000 on his/her primary residence if the veteran is 50 percent or more disabled as a result of service. |
| Ohio | A disabled veteran in Ohio may receive a property tax exemption of $50,000 on his/her primary residence if the veteran is 100 percent disabled as a result of service. |
| Oklahoma | A disabled veteran in Oklahoma may receive a full property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service. |
| Oregon | A disabled veteran or surviving spouse in Oregon may receive a property tax exemption on his/her primary residence if the veteran is 40 percent or more disabled as a result of service. The exemption amount varies annually according to income. |
| Pennsylvania | A disabled veteran in Pennsylvania may receive a property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service. The exemption amount varies. |
| Rhode Island | A disabled veteran in Rhode Island may receive a property tax exemption on his/her primary residence. The exemption amount varies based on city and the value of the property. |
| South Carolina | A disabled veteran in South Carolina may receive a property tax exemption if the veteran is 100 percent disabled as a result of service. Contact county tax offices for more information. |
| South Dakota | A disabled veteran in South Dakota may receive a property tax exemption of up to $100,000 of his/her primary residence if the veteran is 100 percent disabled as a result of service. |
| Tennessee | A disabled veteran in Tennessee may receive a property tax exemption of up to the first $100,000 of his/her primary residence if the veteran is 100 percent disabled, his/her income does not exceed $60,000, has lost the use of two or more limbs or is blind in both eyes as a result of service. |
| Texas | A disabled veteran in Texas may receive a property tax exemption of up to $12,000 on his/her primary residence, depending on the severity of the disability incurred as a result of service. A full property tax exemption is available for veterans who are 100 percent disabled as a result of service. |
| Utah | A disabled veteran in Utah may receive a property tax exemption on his/her primary residence if the veteran is 10 percent or more disabled as a result of service. A veteran that is 100 percent disabled may receive an exemption of $244,064. A veteran that is 50 percent disabled may receive an exemption of $122,032, while a veteran that is 10 percent disabled may receive an exemption of $24,406. |
| Vermont | A disabled veteran in Vermont may receive a property tax exemption of at least $10,000 on his/her primary residence if the veteran is 50 percent or more disabled as a result of service. The exemption amount varies by city. |
| Virginia | A disabled veteran in Virginia may receive a full property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service. |
| Washington | A disabled veteran in Washington may receive a property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service. The exemption amount is based on income, as determined by the Washington State Department of Veterans Affairs. |
| West Virginia | A 100 percent disabled veteran or any veteran over the age of 65 is exempted from paying the taxes on the first $20,000 of assessed value on a self-occupied property. |
| Wisconsin | A disabled veteran in Wisconsin may receive a property tax exemption on his/her primary residence if the veteran is 100 percent disabled as a result of service. The exemption amount varies. |
| Wyoming | A disabled veteran in Wyoming may receive a property tax exemption of $3,000 of the assessed value of his/her primary residence if the veteran was disabled as a result of service. |
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