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Updated over 6 years ago on . Most recent reply

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Michael Gee
  • Denver, CO
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62
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Property tax exemption for disabled vets. Any success?

Michael Gee
  • Denver, CO
Posted

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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Bruce Lynn#1 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
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Bruce Lynn#1 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Replied

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.

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