Returning Veterans Exemption
This exemption lowers the equalized assessed value of the veterans principal residence by $5,000 for up to two consecutive assessment (tax) years. This would include the tax year and the following year that the veteran returns from active duty in an armed conflict involving the armed forces of the United States.
To qualify, applicants must:
Properties Held in Trust:
When you are applying for a new exemption and the property is held in trust, we must verify that the applicant is a current living beneficiary of that trust. The exemptions cannot be applied without this verification. Please include a copy of that part of the actual trust agreement which states that the applicant is a beneficiary. This can usually be found on the first few pages of the trust document. Should you have any questions, please feel free to contact us directly at 847-377-2100.