A qualified residential parcel may receive an exemption equal to 10% or at a local option, 15% of it's assessed value.
The exemption is limited to 10 years duration.
This exemption authorizes a limited exemption from real property taxes for real property owned by persons who rendered military service to the United States during the Cold War (defined as September 2, 1945 to December 26, 1991).
This exemption may apply to the school portion of your property taxes, if the School District has approved it.
Where a veteran has received a service-connected disability rating from the Veteran's Administration or the Department of Defense, there is an additional exemption, which is equal to one-half of the disability rating multiplied by the assessed value of the property.