North Carolina H341 provides tax relief for disabled veterans by excluding a portion of their primary residence's appraised value from property taxes.

North Carolina H341 modifies the Disabled Veteran Property Tax Homestead Exclusion to exempt a portion of the appraised value of a primary residence owned by a disabled veteran from taxation. The exclusion amount varies based on the veteran's disability rating, ranging from $25,000 to $100,000. The bill also extends the exclusion to the surviving spouse of a deceased disabled veteran, ensuring they receive the greater of the veteran's exclusion amount or $45,000. The changes apply to taxes imposed for taxable years beginning on or after July 1, 2025.

North Carolina H341 provides tax relief for disabled veterans by excluding a portion of their primary residence's appraised value from property taxes.

North Carolina H341 modifies the Disabled Veteran Property Tax Homestead Exclusion to exempt a portion of the appraised value of a primary residence owned by a disabled veteran from taxation. The exclusion amount varies based on the veteran's disability rating, ranging from $25,000 to $100,000. The bill also extends the exclusion to the surviving spouse of a deceased disabled veteran, ensuring they receive the greater of the veteran's exclusion amount or $45,000. The changes apply to taxes imposed for taxable years beginning on or after July 1, 2025.