More info on the Texas homestead exemption, which was recently released:
http://www.glo.state.tx.us/vlb/docs/vethomeexemption.pdfExcerpt (it's actually 3 pages of info...this is just an intro of info)
Questions and Answers about the New 100% Disabled Veteran’s Homestead Exemption
The Texas Legislature recently passed HB 3613. This bill provides for a 100% exemption for the residence homestead of qualified disabled veterans. The bill also increases the amount of the regular disabled veteran's exemption for veterans who have a disability rating of 30%, 50%, or 70%. Below are some commonly asked questions and answers about the new 100% disability homestead exemption.
Q. What are the qualifications for the new exemption?
You qualify for the new 100% homestead exemption if you meet these requirements:
• You own a home and occupy it as your residence homestead.
• You are receiving 100% disability compensation from the US Department of Veterans Affairs for a service-connected disability.
• You have a disability rating of 100% disabled or of individual unemployability.
To get this exemption, you must fill out and return to your County Appraisal District Office this Texas Property Tax Form 50-764. Please note that, at the time this Q & A was created & posted, Form 50-764 had “TEMPORARY” printed at the top in red. The Comptroller’s office is, now, drafting a final document. This does not mean that the exemption is temporary. It is simply a reference to the status of the form, itself.
You must attach documentation as well. You must attach a copy of your award letter, a “VA tax letter,” or another document from the United States Department of Veterans Affairs showing 100% disability compensation due to a service-connected disability and a rating of 100% disability or of individual unemployability.
Q. How much of my home’s value will it exempt?
If you qualify, your home will be totally exempt from property taxes in all jurisdictions, regardless of the home’s value. If you co-own the home with someone other than your spouse, your share of the home’s value will be exempted.