Application for Market Value Exclusion on Homestead Property of Disabled Veterans with 70% or More Disability 

In addition to the completed application, you must also attach a letter from the Veteran’s Administration, confirming both honorable discharge and disability status. 

Applications must be made by July 1 to qualify for the exclusion on the current year’s market value for taxes payable next year.
For the assessment year 2011 for taxes payable in 2012 the application date has been extended to September 1, 2011 for veterans that did not have all the necessary documentation to apply due to the delay of the United States Department of Veterans Affairs in issuing the annual "Summary of Benefit" letters.

Veterans with a disability rating of 70 percent or higher will need to reapply annually.

Veterans who are totally and permanently disabled do not need to reapply after the initial approval. The property will continue to qualify for the value exclusion until there is a change in ownership or use of the property. A surviving spouse can continue the exclusion under this provision for the current payable year and five addtional taxes payable years, or until the spouse sells, transfers, vacates, or otherwise disposes of the property (whichever occurs first).

Please contact our office if there is a change in the status of disability or if the veteran has passed away.

• For agricultural property, only the house, garage, and immediately surrounding one acre of land qualify for the valuation exclusion.
• Neither residential nor agricultural homesteaded properties are eligible to receive the homestead market value credit.  Excess agricultural land and buildings will continue to receive the agricultural credit.
• Relative homesteads do not qualify for this program.  A property must be both owned and occupied by a qualifying disabled veteran before being eligible for the market value exclusion.