Disabled Veterans Property Tax Exclusion Up to $300,000 of market value is excluded from property taxes for: Veterans who have a service-connected disability rating of 100% permanent and total (including permanent Individual Unemployability) Surviving spouses of qualifying veterans and service members.
Disability pensions are excluded from federal and state taxable income and thus are not eligible for the subtraction.
Veterans who are totally and permanently disabled (100% T&P) are eligible for a valuation exclusion of $300,000. Veterans who are not totally and permanently disabled, but who have a disability rating of 70 percent or higher, are eligible for an exclusion of $150,000.