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State Representative John Ward
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-4333
For more information contact: Sandy Connolly 651-296-8877
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PROPERTY TAX BENEFIT AVAILABLE FOR DISABLED VETERANS
State Rep. John Ward (DFL-Brainerd) is encouraging disabled veterans to apply for a property tax benefit that was enacted by the 2008 legislature. According to Ward, the new program reduces the value of qualifying disabled veteran’s homes for property tax purposes by up to $300,000. The homestead must be owned by the veteran, or by the veteran and his/her spouse.
“A veteran who has been permanently disabled while serving his country should not have to worry about losing his home because of high property taxes," said Ward. “This program will help the most seriously injured veterans keep their home and reduce their overall property tax bill.”
Veterans who are permanently and totally (100 percent) disabled are eligible for a valuation exclusion of $300,000; veterans who are not permanently and totally disabled, but who have a disability rating of 70 percent or higher, are eligible for an exclusion of $150,000. The exclusion amount is subtracted from the value of the homestead as determined by the assessor before property taxes are calculated. If the value of the homestead in any year is less than the exclusion amount, the homestead is totally exempt from property taxes for that year.
“As a rule of thumb, the full $300,000 exclusion will reduce property taxes by about $3,000 each year,” said Ward. “The $150,000 exclusion will reduce the taxes by about $1,500 a year.
This savings could make a real difference in the lives of disabled veterans.”
For a veteran who is permanently and totally disabled, the surviving spouse continues to receive program benefits for two years following the death of the veteran, if the surviving spouse continues to own and live in the house.
To qualify, the veteran must have been honorably discharged from the U.S. armed forces and must be certified by the U.S. Veterans Administration as having a service-connected disability with a disability rating of 70 percent or higher. The veteran must file application form CR-DVHE70 or CR-DVHE100 with the county assessor and provide proof of honorable discharge and of disability rating.
For more information, contact State Rep. John Ward at 651-296-7152 or by email at rep.john.ward@house.mn. You can find more information on the program at: http://www.house.leg.state.mn.us/hrd/issinfo/ssdvhve.htm
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