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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.
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.