HB285

Kentucky HB285 provides a property tax homestead exemption for disabled veterans with a 50% or greater service-connected disability rating.

Kentucky HB285 establishes a property tax homestead exemption for disabled veterans with a 50% or greater service-connected disability rating. The exemption applies to the assessed valuation of the veteran's permanent residence and contiguous real property. The exemption amount is determined by the veteran's disability rating percentage, with a maximum of $100,000. The exemption cannot be combined with other homestead exemptions. The surviving spouse of a veteran who qualified for the exemption before their death can continue to receive the exemption under specific conditions.