This bill changes the property tax benefits for veterans of the Armed Forces of the United States for property tax years beginning on or after April 1, 2026. The bill provides that veterans are no longer required to have served during a federally recognized war period and receive an exemption of up to $5,000 of the just value of the property. It provides that veterans who are 62 years of age or older receive an exemption of up to $6,000 of the just value of the property. It also provides that veterans receive an exemption of between $10,000 and $50,000 based on their United States Department of Veterans Affairs service- connected disability rating. The bill provides that a veteran's unremarried surviving spouse, minor child or parent remains eligible for the benefit that the veteran would be eligible for if the veteran was living.

Statutes affected:
Bill Text LD 909, SP 398: 36.653, 36.841