Bill > S228

This bill modifies the property tax exemption for disabled veterans in North Carolina by changing how the homestead tax exclusion is calculated. Instead of a flat $45,000 exclusion, the bill now allows disabled veterans to exclude from property taxation a percentage of their home's appraised value equal to their disability rating as determined by the United States Department of Veterans Affairs. For example, a veteran with a 75% disability rating would be able to exclude 75% of their home's value from property taxes. The bill also updates the definition of a disabled veteran, now requiring a disability rating of 50% or greater for a service-connected condition to qualify. Additionally, the bill provides provisions for surviving spouses of disabled veterans, allowing them to claim an exclusion based either on the veteran's disability rating at the time of death or the standard $45,000 exclusion, provided the veteran's death was service-connected. The changes will take effect for taxes imposed in taxable years beginning on or after July 1, 2025, potentially providing significant tax relief for disabled veterans and their families.

https://www.ncleg.gov/BillLookUp/2025/S228