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Texas Property Tax Exemption
Just happened across this, thought someone might be interested
TEXAS VETERAN PROPERTY TAX EXEMPTION: Many states off tax exemptions to veterans who meet various criteria. An example is Texas where disabled veterans who meet certain requirements, their surviving spouses and the spouses and minor children of a person who dies on active duty in the U.S. Armed Forces are eligible for property tax exemptions on the appraised value of their property. The exemption is mandatory and applies to taxes levied by all taxing authorities in the State. A veteran, whose service-connected disabilities are rated less than 10% by the Department of Veterans Affairs, or a branch of the Armed Forces, is not entitled to a property tax exemption. For those rated 10% or more, the tax exemptions below apply: Disability Rating Tax Exemption 10% through 30% First $ 5,000 of appraised value 31% through 50%First $ 7,500 of appraised value 51% through 70%First $ 10,000 of appraised value 71% or moreFirst $ 12,000 of appraised value A veteran whose disability is 10% or more, and who is 65 years or older, is entitled to exemption of the first $12,000 of appraised value of property. A veteran whose disability consists of the loss of use of one or more limbs, total blindness in one or both eyes, or suffers paraplegia, is exempt on the first $12,000 of the appraised value of his property. A veteran who qualifies under more than one of the exemptions may not combine the exemptions, but may take the one providing the largest exclusion. The surviving spouse of a person who dies on active duty is entitled to exemption of the first $5,000 of the appraised value of the spouse's property. A surviving child of a person who dies on active duty is exempt on the first $5,000 of appraised value of the child's property, as long as the child is unmarried and under 21 years of age. The surviving spouse of a deceased veteran, who, at the time of the veteran's death had a compensable disability and was entitled to an exemption, is also entitled to that exemption if the surviving spouse is unmarried. This law is administered at the local level by the various taxing authorities. For additional info refer to Tax Assessor-Collectors Association of Texas www.tacaoftx.org . For answers to questions about property values, exemptions, agricultural appraisal, and protests to the appraisal review board, or to apply for exemptions, obtain an application from your appraisal district refer to http://www.window.state.tx.us/taxinf...adalindex.html . Applications must be completed between January 1 and April 30 [Source: Military Service Coalition Newsletter JAN 04] |
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