In Texas, like homestead owners who are over the age of 65, property owners who are also Disabled Veterans have several property tax breaks offered to them. Exemptions help save money on property taxes by reducing the taxable value of the property. If you are a disabled veteran or survivor, you may qualify for a property tax exemption. Here we explain the exemptions offered. 

Disabled Veterans Exemption

This exemption is for disabled veterans that are not qualified as 100% disabled (See 100% Disabled Veteran Exemption section). This exemption can be applied to a single property of a disabled veteran or survivor that is a Texas resident. It does not have to be the residence homestead like many of the other exemptions require.

With this exemption the amount that a qualified disabled veteran receives depends on the veteran’s disability rating from the branch of the armed service. 

                                                                          Disability Exemption
Disability Rating     Exemption Amount Up To
10% to  29%$5,000 from the property’s value
30% to 49%$7,500 from the property’s value
50% to 69%$10,000 from the property’s value
70% to 100%$12,000 from the property’s value

 

A disabled veteran may also qualify for an exemption for $12,000 of the assessed value for the property if the veteran is age 65 or older with a disability rating of at least 10%: totally blind in one or both eyes: or has lost use of one or more limbs. 

Do I Qualify? 

To qualify for a disabled veteran property tax exemption, you must be a Texas resident and either:

  • A veteran who was disabled while serving with the U.S. armed forces 
  • A surviving spouse or child (under 18 years of age and unmarried) of a disabled veteran or a member of the armed forces who was killed while on active duty. 

How to Apply

Contact the County Appraisal District that the property is in and find out what form needs to be filled out. The deadline for filing for a disabled veteran’s exemption is between January 1st and April 30 of the tax year. However, you may file for a disabled veteran’s exemption up to 5 years from the delinquency date. 

100% Disabled Veterans Exemption

This exemption is different from a Disabled Veterans Exemption. It must be applied for separately even if you are already receiving a disabled veteran’s exemption. 

 A 100% disabled veterans exemption means exactly that, if you are receiving 100% disability compensation from the US Department of Veterans Affairs for a service-related disability and have a disability rating of 100% disabled or of individual unemployability this exemption is best. The home in which this exemption is being applied for must be the disabled veteran’s residence homestead. If a disabled veteran qualifies for this exemption the home will be totally exempt from property taxes in all jurisdictions. 

If you think you qualify for one of these exemptions, we recommend also contacting the Central Appraisal District that the property is located in to find out exactly what forms need to be filled out. 

As one of the largest property tax lenders in Texas, Ovation Lending has extensive knowledge in property tax deferrals for homeowners and property owners. We will assist in helping you understand your options with the county. 

Call us at 877-419-7392 to discover why thousands of property owners just like you trust in Ovation Lending. 

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