Increases the real property tax exemption for combat veterans to 35%.

This bill amends the real property tax law to increase the exemption for combat veterans from 10% to 35% of the assessed value of their residential real property. The exemption cannot exceed $40,000 or the product of $40,000 and the latest state equalization rate. This change applies to assessment rolls prepared on or after January 1, 2026.

Increases the real property tax exemption for combat veterans to 35%.

This bill amends the real property tax law to increase the exemption for combat veterans from 10% to 35% of the assessed value of their residential real property. The exemption cannot exceed $40,000 or the product of $40,000 and the latest state equalization rate. This change applies to assessment rolls prepared on or after January 1, 2026.