Market value exclusion modified for veterans with a disability by increasing exclusion amount for totally and permanently disabled veterans.

Summary

The bill raises the amount of a veteran’s homestead market value that can be excluded from property taxes—from $150,000 to $225,000 for veterans with a 70% or greater service‑connected disability, and from $300,000 to $450,000 for those who are totally and permanently disabled. It also extends the exclusion to eligible surviving spouses and primary family caregivers, and sets application and certification rules. The changes would take effect for the 2027 assessment year.

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