Veterans Property Tax Exemption
At least $10,000 off the appraised value of your home. Your town may vote to raise it to as much as $40,000. Example: on a $200,000 home in a town with a $20,000 exemption, you are taxed on $180,000.
For surviving spouses: You own and live in the home and you (or your spouse, widow(er) or child) receive VA disability compensation for at least a 50% rating, the VA non-service-connected (improved) pension, permanent military medical retirement pay, or death/DIC compensation.
- Who qualifies
- You own and live in the home and you (or your spouse, widow(er) or child) receive VA disability compensation for at least a 50% rating, the VA non-service-connected (improved) pension, permanent military medical retirement pay, or death/DIC compensation. The unremarried surviving spouse of a veteran who had the exemption keeps it. Only one exemption per property; rented or business parts are not exempt.
- How to apply
- Each year before May 1, send the Disabled Veteran and Surviving Spouse Property Tax Exemption form (from the Vermont Office of Veterans Affairs, veterans.vermont.gov) and your current VA Summary of Benefits letter to the Vermont Office of Veterans Affairs, 118 State St., Montpelier, VT 05602.
- Deadline
- Before May 1 of the tax year.
- Renewal
- Every year before May 1, unless the VA rates you permanently and totally disabled; then you apply only in the first year, and again if you move to a new home.
- Law
- 32 V.S.A. §3802(11)
Source: official page