Texas disabled Veteran benefits include a tax exemption from a portion of the assessed value of a designated Veteran owned property in accordance with the following schedule:
Disability Rating of Exemption of
10% to 29% up to $5,000 of the assessed value
30% to 49% up to $7,500 of the assessed value
50% to 70% up to $10,00 of the assessed value
70% and Over up to $12,000 of the assessed value
100% disabled Veterans and/or Veterans that are unemployable rated are fully exempt from property taxes in Texas. When financing a home, Guaranteed Rate Inc. will not collect a property tax escrow account if the borrower can provide the application for disability exemption and a VA disability awards letter showing a 100% disability and/or unemployable rating. More information regarding this exemption can be found at this link on the Texas Comptroller’s Website.