A property tax exemption excuses all or a portion of the assessment because the assessee has met some criteria allowed by the State Constitution. There are exemptions for property used by homeowners, veterans, disabled veterans, churches, religious organizations, welfare organizations and others. A property cannot receive more than one type of exemption. The county is reimbursed by the state for property tax revenue lost by the homeowner's exemption, but not for other types.
This allows for an exemption of $4,000 for qualifying claimants. A claim form must be properly completed and filed annually by February 15th with the Assessor. Claims filed February 16 - December 10 will receive a partial exemption for that year.
Qualifying claimants include, in addition to the veteran, parents and the unmarried surviving spouse of a deceased veteran. The maximum value of property that can be owned to receive this exemption is $5,000 for an unmarried veteran or parent of a deceased veteran, or $10,000 for a married veteran, parents of a deceased veteran, or unmarried spouse of a deceased veteran.
This exemption may be claimed in addition to the Homeowner's Exemption, but must be for a different property.