Property Tax Exemption: Disabled Veterans, May 1st deadline.

Disabled veterans who own their homes may be eligible for a property tax exemption. The exemption reduces the assessed value of the property, lowering the veteran’s property taxes.  https://tax.vermont.gov/sites/tax/files/documents/FS-1003.pdf

State law mandates a minimum $10,000 property tax exemption for veterans in both the municipal and education grand list. Cities and towns may vote to increase the exemption up to $40,000 in the municipal grand list. The value of a veteran’s property will be reduced by the amount of the exemption. Veterans are eligible for the exemption in one of three circumstances:

     Disability compensation for 50% or higher disability or

     Non-Service connected pension (“improved pension”) or

     Military retirement pay for a permanent medical military retirement
 

If a disability qualifies a veteran for this exemption, the federal Department of Veterans Affairs will issue a Summary of Benefits Letter. Submit the current year application to the Vermont Office of Veterans Affairs by May 1 of each year.

Please note: Surviving spouses of veterans who had previously qualified for this exemption may also be eligible if they don’t re-marry.

For questions regarding the application process and eligibility visit https://veterans.vermont.gov/

How To Apply: the application is attached

Your town lister makes the initial determination of whether a property is exempt from tax under the law. You may complete Form PVR-317, Vermont Property Tax Public, Pious, or Charitable Exemption application to present to the lister. The application will help you gather the necessary information the lister needs. It is important that you provide clear and detailed information about the property and its uses. Incomplete information will result in the exemption being denied.