Expands property tax exclusion for disabled veterans in North Carolina to cover entire appraised value of primary residence.

This bill expands the property tax exclusion for disabled veterans in North Carolina by excluding the entire appraised value of their primary residence from taxation. It also provides a reimbursement mechanism to local governments for the resulting revenue loss. The exclusion applies to disabled veterans who meet specific criteria, including those receiving benefits or those certified as having a service-connected, permanent, and total disability. The act is set to take effect for taxes imposed for taxable years beginning on or after July 1, 2026.

Expands property tax exclusion for disabled veterans in North Carolina to cover entire appraised value of primary residence.

This bill expands the property tax exclusion for disabled veterans in North Carolina by excluding the entire appraised value of their primary residence from taxation. It also provides a reimbursement mechanism to local governments for the resulting revenue loss. The exclusion applies to disabled veterans who meet specific criteria, including those receiving benefits or those certified as having a service-connected, permanent, and total disability. The act is set to take effect for taxes imposed for taxable years beginning on or after July 1, 2026.