Establishes a specific tax on certain homesteads of disabled veterans and their surviving spouses.

The bill creates a specific tax on certain homesteads of disabled veterans and their surviving spouses, known as the disabled veteran's homestead specific tax. This tax is levied on real property used and owned as a homestead by a disabled veteran or a surviving spouse of a disabled veteran. The tax amount is determined by multiplying the number of mills that would be assessed if the property were not exempt and then discounting the result based on the severity of the veteran's disability.

Establishes a specific tax on certain homesteads of disabled veterans and their surviving spouses.

The bill creates a specific tax on certain homesteads of disabled veterans and their surviving spouses, known as the disabled veteran's homestead specific tax. This tax is levied on real property used and owned as a homestead by a disabled veteran or a surviving spouse of a disabled veteran. The tax amount is determined by multiplying the number of mills that would be assessed if the property were not exempt and then discounting the result based on the severity of the veteran's disability.