Provides additional tax exemptions on qualifying residential real property where two or more qualified veterans live in the same household.

This bill amends the real property tax law to provide additional tax exemptions for qualifying residential real property where two or more qualified veterans live in the same household. The exemptions vary based on the number of veterans living in the household and are subject to local governing body approval. The maximum exemption is up to 15% of the property's assessed value, not exceeding $12,000 or the product of $12,000 multiplied by the latest state equalization rate.

Provides additional tax exemptions on qualifying residential real property where two or more qualified veterans live in the same household.

This bill amends the real property tax law to provide additional tax exemptions for qualifying residential real property where two or more qualified veterans live in the same household. The exemptions vary based on the number of veterans living in the household and are subject to local governing body approval. The maximum exemption is up to 15% of the property's assessed value, not exceeding $12,000 or the product of $12,000 multiplied by the latest state equalization rate.