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Tax break may help disabled Texas veterans
Saturday, 27 June 2009
By THOMAS JENKINS     
Staff Writer
Disabled veterans in the Lone Star State may not have to wait until December for a pleasant gift, as a law signed into effect by Gov. Rick Perry will allow many to avoid paying taxes this year on their homesteads.

Brett McKibben, tax appraiser for the Howard County District, said veterans who meet the requirements could be looking at a goose-egg when they get their tax bills this season.

“This new exemption extends only to their homestead,” said McKibben. “So, if they have a home and four rent houses, the exemption will only cover where they live, not the rental property or any other business properties of farmland they lease or rent out.

“To qualify for the exemption, they have to have a service-related disability and they either have to be at 100 percent disabled or have some level of unemployability. For example, if they are listed as 60 percent unemployable, they will automatically qualify. However, if they are only 80 percent disabled with no unemployability, they won't be able to use the exemption.”

McKibben said his office is planning to send out letters to area veterans to explain the new exemption.

“The letters should help the vets understand the exemption,” said McKibben, “which is in addition to the existing disabled veterans exemption. It's not an either-or situation. The vets will get this new exemption on top of the old one.

“The real kicker on this one, and what's caused some confusion concerning it, is the unemployability requirement. This isn't something we've had to look at in the past, so there are plenty of people still learning how to factor that in. Unemployability won't be a matter of percentages like disability is, it's simply a matter of yes or no. If you have any percentage of unemployability, you will qualify.”

And while the new exemption certainly helps provide some tax relief to Texas disabled veterans, McKibben said it's still unclear what kind of effect it will have on tax revenues in Howard County.

“We have quite a few veterans in Big Spring. However, a lot of them don't have service-related disabilities, so it's really hard to say what kind of impact it will have on tax revenues for the taxing entities,” said McKibben.

According to a statement released by Texas Comptroller Susan Combs, the exemption is a step in the right direction.

“Texas has done the right thing by providing property tax relief for our military men and women who have served their country and paid a heavy price,” said Combs.

McKibben said the exemption won't be automatically applied to tax bills, so taking advantage of the new law will require some effort on the part of the taxpayers.

“There's a new form they have to fill out to apply for the new exemption,” said McKibben. “It won't be automatically applied, so they have to come in and fill out the papers and show their most recent papers from the Veterans Administration that proves their level of disability.”

In the meantime, McKibben said he and his office will work toward having certified values ready for the taxing entities by the end of July.

For more information on the exemption, call 263-8301.

An application form for veterans and appraisal districts to use can be found on the Comptroller’s Web site at http://www.window.state.tx.us/taxinfo/taxforms/vetexempt.pdf. Veterans may also need to contact their mortgage lenders to adjust their escrow payments.


Contact Staff Writer Thomas Jenkins at 263-7331 ext. 232 or by e-mail at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Last Updated ( Tuesday, 30 June 2009 )
 
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Comments
This exemption is great for those deserving vets on 100 p/c VA disibilty..however many of us are still fighting to get to that 100 p/c and some may die before they do..even vets at 100 p/c can still work and make additional income so long as they don't classify as IU..unemployable..at 100 p/c the compensations is at $2900 a month tax free..and now they don't have to pay any property taxes..this isn't fair for many vets that are under the 100 p/c and there are many..while getting less compensation they still have to pay property taxes even if it's discounted..I feel the federal government should treat all vets the same..either give us all better tax property tax breaks or freeze them, or leave it like it is. as it is many of us who fought other wars are having to wait for our claims and appeals for the returning middle east vets, who are getting top priority on theirs..once again
creating a two teir systems for our vets and Vietnam vets like myself.
Posted by CHILLIN, on June 27, 2009 at 18:27

This is all wonderful and everything, but can we please take it a step farther in your explanation?
I am a 90 percent disabled veteran, with the UE for unemployability. I filed my TEMPORARY form on the 2nd of July. When I asked the Bexar County Tax office how long this would take, I got no answer. My house payment will drop from 777.00 to 549.00, I sincerely need the relief now. I asked them for a letter so that I can send it to my mortgage company so I can stop building up an escrow that will only be paid out to me in an escrow overage check. Do I have to wait until next year to drop my escrow? How long will it take for the tax people to process this? What is our time frame involved and when will I actually see the benefit?

I know I am full of questions concerning this, but ...aren't we all?

Thank you for having this site available for us to read, and become informed. I found it thought a google search for the new veterans bill in Texas.
Posted by Disabled Dave, on July 13, 2009 at 14:01


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