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 on qualifying residential real property where two or more qualified veterans live in the same household. The exemption is up to 7.5% of the assessed value of the property, not exceeding $6,000 or the product of $6,000 multiplied by the latest state equalization rate. The governing body of a city, village, town, school district, fire district, or county can determine the percentage of exemption after a public hearing.

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 on qualifying residential real property where two or more qualified veterans live in the same household. The exemption is up to 7.5% of the assessed value of the property, not exceeding $6,000 or the product of $6,000 multiplied by the latest state equalization rate. The governing body of a city, village, town, school district, fire district, or county can determine the percentage of exemption after a public hearing.