Samantha is a licensed real estate broker and attorney with a Doctor of Law (JD) degree from the University of Missouri. With over 15 years of experience, she is dedicated to educating Veterans about the VA loan process and realty best practices.
Updated on June 21, 2023 Veterans: Check your $0 down eligibility today! Expert Reviewed At a GlanceMost states offer disabled Veterans property tax exemptions, which can save thousands each year depending on the location and the Veteran's disability rating.
Within this ArticleAfter a multi-year, nationwide effort to lessen the financial strain on qualified disabled Veterans, almost every state in the U.S. offers some sort of property tax exemption for disabled Veterans.
"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." said Mike Frueh, former National Director of the VA Home Loan program. "That's a fantastic benefit."
And that benefit could save you thousands.
Veterans may be entitled to property tax exemption for their primary residence. Eligibility and the amount of the exemption typically depends on disability rating, state, county, and city.
Here is a short summary of each state's property tax exemptions available to Veterans who qualify. To make sure you qualify, be sure to click the link next to the summary to see your state's complete tax exemption requirements.
Exemption amounts, rates and conditions can vary by county or city just as they do by state. Veterans should contact their local municipal tax assessor's office to check for localized exemptions.
Many states offer exemptions solely for disabled Veterans. However, every homeowner's situation is different. Here are some important things to remember about property tax exemptions:
Unfortunately, many Veterans, disabled and able alike, are often unaware of the plentiful benefits available to them. The VA's 2010 National Survey of Veterans found that 59 percent of respondents said "their understanding of available benefits was 'a little' or 'not at all.'"
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.
For more information about how your disability rating affects you as a Veteran homeowner or homebuyer read: How Your Disability Rating Affects Your VA Home Loan Benefit
A licensed real estate agent and former loan originator and attorney, Samantha has insider experience dealing with VA loans, from the initial application and contracts to loan funding. She has over 15 years of real estate experience, and nearly 300,000 people follow her Veteran Friendly Real Estate Agents community on Facebook.
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