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
- 10% to 29%
- 30% to 49%
- 50% to 70%
- 70% and Over
Exemption of
- up to $5,000 of the assessed value
- up to $7,500 of the assessed value
- up to $10,00 of the assessed value
- up to $12,000 of the assessed value
All disabled Texas Veterans receive property tax exemption benefits. 100% disabled Veterans are fully exempt and other ratings receive exemptions based on the chart above.
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 100% disability and/or an unemployable rating. More information regarding this exemption can be found this link on the Texas Comptroller’s Website.
If you are a disabled Veteran living in Texas and need help understanding your mortgage benefits, fill out the short form on this page and a member of our team will assist you.
Texas Vet & VA Loan Specialist Shirley Mueller
Since 2003 Shirley has originated well over 1500 Texas Veteran and VA Loans. She has helped Veterans in almost every possible circumstance including active duty personnel deployed overseas, returning home, with PCS orders, as well as separated and retiring Veterans. – Read More
