A reminder for Texas disabled vets

Under a new tax exemption approved by the Texas Legislature, military veterans who are totally disabled or cannot work because of service-related injuries will no longer be required to pay property taxes on their homes.

House Bill 3613 provides an exemption of the total appraised value of the homesteads of Texas veterans who have received a 100 percent disability rating or are considered unemployable by the U.S. Department of Veterans Affairs. The new law is effective for the 2009 tax year.

Eligible disabled veterans must apply for the tax exemption through their county appraisal district.  An application form for veterans and appraisal districts to use can be found on the Texas Comptroller's Web site at http://www.window.state.tx.us/taxinfo/taxforms/vetexempt.pdf .

Veterans should also contact their mortgage lenders to adjust their escrow payments if needed.

 
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8 Comments on A reminder for Texas disabled vets

OCT
02
356,201 Points 22 Featured Posts Localism Sponsor Outside Blog

Very cool....I wonder if they have something like this in Illinois!

10:39am • #1
Outside Blog

Keep in mind new buyers must file for this exemption by Jan 1st in order to have reduced taxes for the entire year of 2010.

Another incentive for disabled vets to buy a home before the end of 2009.

 

7:25pm • #2
235,129 Points 1 Featured Post Localism Sponsor Outside Blog

This is wonderful news. If they had not served our country so honorably they would not have been injured. We need to let as many people know about this as possible.

8:10pm • #3
299,277 Points Outside Blog

Hi Larry.  That would be great if they do.

Good point, Melissa.

Yes Carl and Ceil, Our disabled veterans deserve it!

10:12pm • #4
Outside Blog

Shirley,

This is a good post, so many of our vets have no idea.

On a 150k home, if they buy before the end of 2009, they could easily save 5k or more depending on the area. 

10:15pm • #5
423,575 Points Localism Sponsor Outside Blog

Howdy there Shirley

I'm sure mighty proud of The Grand State of Texas, for doing this for Disabled Veterans that live there.

Baker Home, Commercial Properties Inspections and Consulting AR Signature

10:37pm • #6
OCT
03
434,413 Points 47 Featured Posts Outside Blog

Hi Shirley ~ That is quite a nice break. One that is well deserved!

7:25am • #7
OCT
06
323,936 Points Localism Sponsor Outside Blog Hit Router

Shirley

I have a vet I am working with now that I believe no longer works and had a disability. I appreciate the heads up on this!

11:54pm • #8

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Shirley Parks, North San Antonio TX Real Estate 210.414.0966

San Antonio, TX

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