Disabled veterans and unremarried surviving spouses of disabled veterans will get up to a $7,500 property tax exemption next year on their homes thanks to a new bill, which passed during the 2014 Legislature. The bill states that after January 1, 2015, qualified homeowners and unremarried surviving spouses of such homeowners shall be allowed an exemption from all ad valorem taxes on the assessed value of the homestead property.
Proponents of the bill says it gives honorably discharged disabled veterans a total exemption on all ad valorem taxes. The exemption will now extend to a surviving spouse of a deceased disabled veteran as long as the spouse has not remarried. They encourage all qualified veterans and spouses to take advantage of this tax break.
According to law, disabled persons already have the same exemption as persons over 65 years of age— so disabled veterans should already be utilizing that exemption. Surviving spouses’ of disabled veterans will now get to apply for the exemption. Under current law they lost the disabled exemption when the disabled veteran passed away.
A veteran under the age of 65 and not totally disabled will still be able to claim an exemption for a portion of their taxes.
To qualify for a tax exemption based on a disability, a homeowner must present proper proof of any of the following:
A service-connected, total disability as an American veteran who has been honorably discharged from military service.
Classification as totally disabled under the federal Social Security Act, the Railroad Retirement Act or any other federal act approved by the Department of Revenue.