Legislative Changes

Feb 2, 2015, 9:00 AM

Special Assessment Level Income Maximum

The Special Assessment Level Income Maximum for the year 2015 is $71,563.

Extended Homestead Exemption for Qualifying Veterans

Beginning in the year 2012, property receiving the homestead exemption which is owned and occupied by a veteran with a service-connected disability rating of 100% by the United States Department of Veterans Affairs, may be exempt from ad valorem taxation for up to a maximum of 15,000 assessed value of property. 

The surviving spouse of a deceased veteran with a service-connected disability rating of 100% shall be eligible for this exemption if the exemption was in effect on the property prior to the death of the veteran and as long as the surviving spouse remains the owner and resides on the property. 

If the property eligible for the exemption has an assessed value in excess of 15,000 dollars, ad valorem property taxes shall apply to the assessment in excess of that amount.  The extended exemption will only apply to the year which the application is made and thereafter.

Veterans who may qualify should bring to the assessor's office a copy of the declaration page stating their disability from the United States Department of Veterans Affairs.  For further details, please contact our office.

New Legislative Acts Regarding Property & Ad Valorem Tax

Click here to read complete text of Legislative Acts listed above.