Veterans with Disabilities Receive Tax Break

Apr 28, 2011
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The state of Virginia has recently passed legislation that would mandate Virginia localities to grant a real estate tax exemption for the principal residence of a veteran, or his or her surviving spouse, if the veteran has a 100 percent, service-connected, permanent and total disability. There are hundreds of veterans that could qualify for this real estate tax exemption.

Governor McDonnell has signed the enabling legislation requiring localities to grant a real estate tax exemption to veterans with a 100%, permanent and total, service-connected disability. A constitutional amendment passed by voters this past fall and legislation patroned by Delegate John O’Bannon and Senator Toddy Puller exempts real estate, including property held jointly by a husband and wife, from taxation provided the veteran meets the specified disability requirements. The exemption applies to the building on the property and up to one acre of land. The veteran must use the property as his or her principal residence.

In order to qualify for the exemption, the Veteran must have a 100% Service Connected Disability that is total and permanent, as documented by a determination letter provided by the Department of Veteran Affairs (DVA). Determination letters will be mailed to all eligible Veterans by the last week of April, 2011.

The exemption is not based on the Veterans’ income or resources. Application is a one-time process unless there is a change, such as the Veteran selling their principal residence.  The Veteran or surviving spouse must own and occupy the property as their principal residence in order for the exemption to apply.

The Virginia Department of Veteran Service estimate there are about 7,500 100%, permanent and total, service-connected disabled veterans in Virginia.

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Author: Jenny Carlton