An applicant, who earns over $81,340 annually, will be considered to have a financial need for the exemption when the applicant’s allowable expenses exceed the applicant’s household income. The applicant’s monthly household expenses will be calculated to include a cost of living allowance and dependent’s allowance.
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The Board of the Assessment and Revision of Taxes will grant the tax exemption. Cases that have been granted tax exemption will be reviewed periodically (every 5 years) to determine continued need for exemption from certain real estate property taxes.
Contact the County Veterans Affairs Director in the county you reside to apply for this program.