Yes, as long as you intend to return to the home when you are able. The exemption will apply for 2011 forward. I owe delinquent taxes on my home for years before 2011. Your surviving spouse, married to you and living at the same residence, may qualify to continue this exemption. If something happens to me, will the new homestead exemption pass to my spouse or children? If the VA reduces or changes either of these ratings, it is your responsibility to notify the appraisal district in writing. You must also be receiving 100% disability compensation from the VA. You must be 100% disabled or have a rating of individual unemployability to qualify for the 100% Disabled Veteran Homestead Exemption. Do I qualify for the new homestead exemption? My disability rating is actually 50%, but because I am over 65, I receive the maximum disability exemption.
The exemption will take effect for the 2012 year if you didn’t own your home on January 1, 2011. Will I get the new exemption for part of 2011? (This applies to 2012 forward not to prior years). Effective January 1, 2012, you may receive this exemption for the applicable portion of the year immediately upon qualification. If you apply and qualify for the current tax year as well as the prior tax year, you will be granted the 100% Disabled Veteran Homestead Exemption for both years. When is the new homestead exemption effective? In particular, you must show that you actually receive 100% disability compensation for a service-connected disability, and have a rating of 100% disability or individual unemployability. Qualifications for the 100% Disabled Veteran Homestead Exemption differ from those for the prior disabled veteran’s exemption. Why do I need to send you my documentation for this exemption? I just qualified for the disabled veteran’s exemption.
This exemption is not given automatically. Do I need to apply for the 100% Disabled Veteran Homestead Exemption? If you co-own the home with someone other than your spouse, your share of the home’s value will be exempted. If you qualify, your home will be totally exempt from property taxes in all jurisdictions, regardless of the home’s value. How much of my home’s value will it exempt? The documents you attach must be current documents. You may attach a copy of your award letter, a “VA tax letter,” or another document from the United States Department of Veterans Affairs showing 100% disability compensation due to a service-connected disability and a rating of 100% disability or of individual unemployability. To get this exemption, you must fill out Form 11.13, checking the box for 100% Disabled Veterans Exemption, as well as all boxes that apply to you.
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