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Updated over 6 years ago on . Most recent reply
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Property tax exemption for disabled vets. Any success?
Have any of my fellow veterans taken advantage of the property tax exemption in Texas and Florida? The last time I checked, the rates for 10% disabled were $5,000 and it goes up with the more disability you have. I believe that this exemption can only be implemented in a house hack or primary residence so just looking for anyone with experience doing this and if it is helpful in cost savings. Also I am 10% disabled for the record and open to hear of this exemption being used in other states as well.
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I sold a house to a vet that had 100% disability rating and he told me he pays no property taxes....and it appears this way on the tax role too. I had not hear that before he bought. This was a few years ago. You can receive some discounts for 10-90% ratings as well.
Check out this website for more info....https://www.texvet.org/resources/property-tax-exemption-texas-disabled-vets. It is for owner occupied properties. Not investment properties.
So just to give you an idea....with 10% rating you can take $5000 off the appraised value for tax calculations. At 2-3% annual tax rate that might save you $100-$150/year in property taxes.