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  • Summary date: Feb 22 2023 - View Summary

    Amends the disabled veteran property tax homestead exclusion in GS 105-277.1C as follows.  Allows for a disabled veteran to exclude from property tax, in addition to the statutory allowance of the first $45,000 of the appraised value of the residence, any portion of the appraised value of the residence attributable to adaptations for the qualifying owner's medical needs if the adaptations were funded by a housing grant from the United States Department of Veterans Affairs for one or more service-connected disabilities. 

    Allows for disabled veterans to apply for prequalification of the homestead exemption tax relief, even before purchasing a property, so long as a prequalified veteran applies for the property tax relief when purchasing the property. Sets forth an application process and notice requirements.  Authorizes a prequalified applicant to provide a copy of the prequalification to the assessor to establish eligibility for the exclusion instead of providing their disability certification or other evidence of benefits received from the Department of Veterans’ Affairs. 

    Effective for taxable years beginning on or after July 1, 2024.