Plain English Breakdown
The bill summary does not specify that the state will directly pay property taxes but rather increases the threshold for reimbursement from the general fund.
Property Tax Relief for Disabled Veterans
This bill increases property tax relief for disabled veterans by raising the threshold of home value eligible for reimbursement from $175,000 to $200,000.
What This Bill Does
- Changes the amount of property tax relief for disabled veteran homeowners.
- Increases the maximum home value that qualifies for tax relief from $175,000 to $200,000.
Who It Names or Affects
- Disabled veterans who own and live in their homes in Tennessee.
Terms To Know
- disabled veteran
- A person who has served in the U.S. armed forces and has a disability from paraplegia, paralysis of both legs, legal blindness, loss or use of at least two limbs, or total disability as determined by the Department of Veterans Affairs.
Limits and Unknowns
- The exact financial impact on local governments is not clear.
- This bill only affects disabled veterans who meet specific criteria set by the state and federal government.