Veterans with a service-connected disability as certified by the U.S. Department of Veterans Affairs are eligible for this annual exemption. It reduces by certain amounts the Equalized Assessed Value (EAV) on a disabled Veterans primary residence, very likely lowering the tax bill.
It is very important to note that the Equalized Assessed Value (EAV) is not the amount of your taxes. The EAV is only the partial property value on which your taxes are computed; any reduction in EAV is not the dollar amount by which your tax bill may be lowered.
As we've said elsewhere on this web site, recently, this annual exemption is now greatly expanded. Veterans whose level of disability is as little as 30% are eligible for a deduction from the EAV of their primary residence. The amounts of those EAV deductions range from $2,500 to $5,000. Veterans 70% or more disabled are totally exempt from property taxes.
Exemption amounts in the newly expanded Disabled Veterans Homeowner Exemption are:
| Taxable Years | Percentage of Disability | Exemption Amount* | |||||
| 2011-2017 (Tax Years) | 70% and greater | $5,000 | |||||
| 50-69% | $2, 500 | ||||||
| 2018 and thereafter (Tax Years) | 30%-49% | $2,500 | |||||
| 50%-69% | $5,000 | ||||||
| 70% and greater | Total Exemption | ||||||