Exempts disabled veterans rated by the US Department of Veterans Affairs from real property taxation for their primary residence.
The bill amends the real property tax law to exempt disabled veterans rated by the US Department of Veterans Affairs from real property taxation for their primary residence. This exemption applies to veterans who are rated as permanently and totally disabled due to military service and are considered individually unemployable. The bill ensures that the taxable assessed value of the property of a qualifying veteran cannot be reduced below zero.
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