Bill > S143

This bill expands the property tax exemption for disabled veterans by modifying the existing homestead exclusion. Currently, disabled veterans can exclude a portion of their primary residence's appraised value from property taxation. The bill removes the specific language limiting the exclusion to the first $45,000 of appraised value, which suggests that the entire appraised value of a disabled veteran's primary residence may now be exempt from property taxes. This change creates a special property tax classification for homes owned and occupied by qualifying disabled veterans, effectively providing them with a more comprehensive property tax relief. The bill will take effect for tax years beginning on or after July 1, 2025, giving local tax authorities time to implement the new exemption. By removing the dollar amount cap, the legislation aims to provide broader financial support to disabled veterans who own their homes.

https://www.ncleg.gov/BillLookUp/2025/S143