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What is the Disabled Veterans (or Disabled Veterans Eligible Surviving Spouse) Exemption?

April 26, 2017disabled eligible spouse veterans

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What is the Disabled Veterans (or Disabled Veterans Eligible Surviving Spouse) Exemption?

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Property that is owned by, and the principal residence of, a disabled veteran or their spouse (or unmarried surviving spouses of certain deceased veterans) may be eligible for a substantial property tax exemption that varies in size based upon the amount of their household income (ref. R&T 205.5, 20504 and 20585): If a veteran is blind in both eyes, or has lost the use of two or more limbs, or is totally disabled as a result of injury or disease incurred in military service, then they are entitled to an exemption of up to $107,613 and up to $111,296 for 2008. The $107,613 exemption limit is raised to $161,420 for 2007 and to $166,944 for 2008 if an eligible veteran’s household income is below $48,325 for 2007 and below $49,979 for 2008.