Example:
A disabled veteran applies for and qualifies for this exemption on
his property that has a fair market value of $240,000. This
is only an example. Your specific savings will vary depending
upon your local tax rate.
WITHOUT
VETERAN
EXEMPTION
WITH VETERAN
EXEMPTION
Fair Market Value
Level of Assessment
Equalized Value
Exemption Amount
Billing Value
Local Tax Rate
Tax Amount
240,000 X 33 1/3 % 80,000 -
0 80,000 X .07211 $5,768.80
240,000 X 33 1/3 % 80,000 - 58,000 22,000 X .07211 $1,586.42
