Amends the disabled veteran property tax homestead exclusion (GS 105-277.1C) by increasing the amount of the exclusion to the first $76,500 of the appraised value of the veteran’s residence (was, the first $45,000 of the appraised value). Effective for taxes imposed for taxable years beginning on or after July 1, 2026.
HEROES HOMESTEAD ACT.
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View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO INCREASE THE PROPERTY TAX HOMESTEAD EXCLUSION AMOUNT FOR DISABLED VETERANS.Intro. by Sawrey, Lazzara, Johnson.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Feb 24 2025)
Bill History:
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Fri, 21 Feb 2025 Senate: Filed(link is external)
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Mon, 24 Feb 2025 Senate: Passed 1st Reading(link is external)
S 128
Bill Summaries:
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Bill S 128 (2025-2026)Summary date: Feb 21 2025 - View Summary
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