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Does the new disabled veterans’ exclusion apply to linked parcels on a residential homestead?

April 26, 2017disabled exclusion homestead linked parcels Residential

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Does the new disabled veterans’ exclusion apply to linked parcels on a residential homestead?

2 Answers

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The law does not limit the exclusion to the base parcel only, therefore, linked residential parcels that are part of the homestead may receive the market value exclusion. The law does limit the benefit on agricultural homesteads to the house, garage and one acre.

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The law does not limit the exclusion to the base parcel only, therefore, linked residential parcels that are part of the homestead may receive the market value exclusion. The law does limit the benefit on agricultural homesteads to the house, garage and the one acre of land immediately surrounding them.