VA Disability and Property Tax Exemptions - Common Misconception For a Disabled Veteran
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- čas přidán 11. 07. 2024
- #VAdisability #2611 #taxexemption
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I moved to Texas in 2020. I am 100% P&T. I pay no property taxes including schools and bonds. My annual bill from the county is $0. When I tried to purchase a new home my realtor's lender refused to include my tax exemption status thus impacted my debt to income ratio which in turn leads to higher interest rates. Yes, I fired that lender and got a lender that calculated my home purchase without the taxes.
If you are in Texas and are 100% P&T it should be noted that while your are fully exempt from all city and county property taxes you are not exempt from paying LIDS, PIDS and MUDS. These are taxing districts (primarily found in new developments with a lot of amenities) that no one is exempt from paying. Realtors love to steer new people into these developments. Don't do it. Not only does it cost you more but homes are harder to re-sell within these independent taxing districts. DO YOUR HOMEWORK!!!!
That is really helpful insight.
What county are you in? It does vary from county to county, so I understand. Appreciate your write-up. Important to consider.
This isn’t the case in Bexar County. I live on the North Side close to Boerne and my taxes are zero across the board. This is a huge savings as property taxes here are extremely high. That…plus no tax on my CRSC, no state income tax, no tax on disability, a lower cost of living than the national average, and good weather most of the year, make this part of the country absolutely one of the best places for DV’s to retire. I can think of no place economically superior.
Im in Houston, TX and right now im at 40% for my knees. waiting on my medical records for my 3rd party VA assistance.
Save
Very glad you put focus on this especially w interest rates going up .
Thank u for this info! U made it so simple, l struggled a lot with my purchase. I felt like no one knew anything..will def come back to your page for my next purchase!
Also, not only do many states require 100% but it usually has to be stated as "permanent and total".
Illinois is 70%-100% and there are so many people abusing the system in my county.
This is true the benefits of 100% vary from State to State. If granted TDIU, It is considered a permanent and total condition.
ABSOLUTELY
100% scheduler doesn't work in GA . It has to be 100% T&P.
your best options are Illinois & Texas.
I am so glad I came across your CZcams page and greatly appreciate the information you are putting out to us veteran. I feel like a little of the burden of buying a home is lesson some, thank you!
I am so glad it is helping!:)
In Dekalb county GA they don't have property tax for 100% disabled Vets, you can get a Disabled Veterans lisence plate AND vehicle registration is free also.
I love this wonderful woman! She's always chocked full of great information, and she always produces the receipts! Way to go JB!
Appreciate you!
I love it and hate it love the video hate it wasn't longer thanks for the info💯
Awesome information! Thank you for doing this!!!
Glad it was helpful! Thank you for watching Amando! (:
Another awesome video 🙂🙌👍🏻
Great video, Thanks!
Great information. and quite pleasant delivery. !👌
Thank you!
Thanks for the updates.
Any time! Thanks for watching, Joel! (:
Thank you for sharing this information.
Happy to help
I'm a new subscriber. Awesome information! Thanks!
Hi Shawn! Thanks for the sub! (:
Thank you, very much. Source always. As you stated, thank you for putting that out there, because there are many folks, that get things MISCONSTRUED lol, an then blame youuuuu! Everyone out here in this place called 🌎 don't understand that nor divulge that kind of info you are divulging, instead they send back a comment saying "you told me THIS or THAT!!!! 🤦🏾♀️ Yet, you are keeping it 💯 on your platform, an I myself appreciate you for doing so. Blessings to you ALWAYS! ❤
Thank you!
New Jersey is also tax exempt for 100% disabled.
Very informative thank you 👍🏾👏🏾👏🏾👏🏾
Thank you!
Thank you for the vital detailed information
Glad it was helpful!
here in florida your va disability percentage is what your forgiven tax is...my hubby is 100% va disabled and we just got our letter that we filed in jan that we are exempt from property taxes
Wish it was the same here in California.
We need a new governor who supports Disabled Veterans
@@sergeantc4073 just got our new mortgage amount today and it's been dropped by $175 a month because of no property taxes.
I get the no property tax but it’s still 400$ for fire and waste is this correct
@@sergeantc4073 One of the reasons why I moved from CA. You need to be a 100% for a PARTIAL property exemption and DV plates. While states like NM and TX. You need 50% for DV plates and 100% for a TOTAL property tax exemption
FL does 100% property tax waiving if you are 100% disabled, anyone less than that (50%-90%) only gets 5,000 off of their assessed property value.
When I cross that bridge to moving into my next home, I know where to go. I'm in Texas and at 100% P&T. Thank you for this video.
I just got a property tax exemption from Hawaii county for being a 100% disabled veteran. I'm researching what a tax exemption means. Thanks for creating this video.
Yes..... waiting for Louisiana...but thanks again Jen. I'm telling all my vets about u.
Appreciate you!
I'm moved to lake Havasu AZ from New Mexico. Big mistake, N.M. I paid zero for property tax received two exempt license plates. Arazona does nothing for disabled veterans, no property tax brakes as a veteran, you do get reduced costs for one plate. If you're thinking of moving to Arizona, don't.
Great stuff!
Thank you!
Jen is great 🥰
I found out the hard way that Pennsylvania has an income rule even if you are 100%. I'm VA 100% Permanent and Totally disabled and currently don't get ANY property tax relief in PA because I make over the income cutoff. To be fair, it's a relatively high income threshold (as long as you don't make over $108K you get the exemption) so most will get it. However, I'm not in that category. I'm over that income so they figure I'm fine and I get nothing. So if you have 2 veterans in PA one making $107K gets the exemption, but the one making $108K gets nothing! Five years in PA with no property tax relief. That's why I am now moving to Texas! Already bought my house and filed for complete property tax exemption at the county tax assessors office.
Thank you for sharing your story about this. I am constantly telling people to check with the county tax assessor, because so many areas have weird rules that you could never even make up or imagine. I do agree with you that Texas is amazing if you’re 100% because there’s no crazy rule to trip you up.
This should be in every state! The east coast specifically the south seems to support veterans the most.
Agree. I think if you are 100% all states should not charge property taxes
Here in Rhode Island all towns are different My Town gives half off the first year then 100% off going forward
Puerto Rico property tax exemption for Veterans effective through the Department of Revenue (Hacienda) provides the following:
1. For ALL Veterans and/or spouse exempt is $5,000
2. For Disabled Veterans exemption is Total
3. For Service Connected at least 50% is $50,000
Michigan is for 100% or Individual Unemployable - also hunting/fishing free license with benefit rating letter.
You need benefits letter with rating and fill out single page form on January 2nd for property taxes.
Thanks, for the info
Any time!
South Carolina and Alabama also..be careful Unemployability p&t also but depends on the state..
Florida you have to be at 100 P&T if not they won’t completely exempt it. Great video again
Can you make a video about what drives the rate changes, like how it's correlated to the 10 year treasury bond, ect.?
My Taxes in West Virginia is $2200 a year and I'm disbled,,
❤❤❤❤❤❤❤ awesome content.
Thank you !! :)
OMG I had to come back to this video a year later as a homeowner. 😂😂 I am up thinking about escrow as I was totally confused if you are exempt and how does this work far as payouts and such. Thank you for explaining.
Make sure you call the county property tax assessor and see what you need to do to get any tax breaks:)
@@JenniferBeeston Did that the day after closing and realized that they do exemption starting monthly! So I am now exempt.
🎉🎉
I am 100% Disabled American Veteran, than you, for the information, Jennifer Beeston.
For Illinois says 70% and above you dont pay property taxes. But its not very clear if there is a cap. Some sites say total $250,000 EAV reduction.
Michigan - once you own the home you need to apply for the exemption with the township/county who will review and decide. Then the veteran must ANNUALLY file an affidavit with the local unit where the property is located. The State Tax Commission has adopted Form 5107, Affidavit for Disabled Veterans Exemption as a sample application. The application process requires that the veteran must file both the affidavit and supporting evidence with the local city or township assessor annually. When possible, this submission should be made in the first two months of the assessment year (January or February). I
Thank you for sharing Holly!:) that is very helpful
Fortunately, my township in Ottawa county has gotten into the routine of sending the forms automatically now. A few surprises the first year, but okay now after 3.
thanks!!!!
In Puerto Rico, it’s at the State (Central) government level.
Don't know what year AZ man found this out but I live in AZ. I am exempt. Although, it was up for another vote recently we have it now.
I live in Pinal county and they told me I am not exempt because I make more than $37,000 annually. That's pretty crazy.
I am 100% P&T and here where I live in Tennessee I actually do not pay any property taxes. I was informed of this by the county tax assessors office. I never heard a word from VA about this.... This saved me a lot of money since I pay both city and county taxes.
I am glad you were made aware!:)
What county are you in?
It's not a VA benefit, it's a state by state benefit that some states have to honor their service men & women.
Hey SC is a state benefit. The Department of Revenue provides the exemption and sends that to the County. You must be 100% P&T and have lived in the home for 1 year. The Veteran would need to get a letter from the County Veteran Service Officer with this information. The Exemption is for the home and up to 5 acers of land.
As a 3rd generation American Veterans wife thank you for Your service. My husband is 100% disabled.
Thank you, Vanessa!!😊💗
I live in SC and I have full tax exemption on my house and two vehicles
In AZ, at 90%, mine is reduced AND frozen. So, no matter what rate it was frozen at, no matter how much it went up over time, my tax stays the same.
That’s great!
Mississippi also at 100% but has to be P&T either by scheduler or TDIU. The property has to be in your name only and spouse if married. If you have property in your name and someone else like a brother it’s not eligible. Also when you die it continues for your spouse.
Your car tags are $1 each for two cars and 1 motorcycle.
Good tips. Ty!
Can you do a video on the effects of student loan forgiveness, when it comes to your DTI, credit and affordability!!!!
Sure:)
Wow you will do the DTI no property taxes that's great..
Yes if that is the county rule:)
New Jersey also
How about a video going over the loss of DIC payments based on gross HOUSEHOLD income which the CBO has suggested to Congress.
Oklahoma has property tax exemption and also sales tax exemption at 100%
Awesome, useful information. Very intelligent and beautiful woman as well. Thanks for the useful information👌🏻
Thank you:)
I just purchased a home in Lagrange ( Troup county) Georgia , I’m 100% when I went to the county tax assessor I was only given 100,000 property tax waiver based off the price off my home only.
Thank you Anita for sharing Troup county
I live 40 minutes away in Columbus Georgia at 100 P&T with $0 property tax
Just found out from my mortgage company that the tax document I was told to send to my mortgage company for the my homestead exception was not the right document and lost my chance to receive it. I just moved here almost 4 months ago and learning by losing. And don’t get me started on how hard it is to find trustworthy contractors for home repairs. At this point I trust no one ☝️
I was recommended to make sure the qualifying lender knows so your loan reflects the amount you qualify for and also it can decrease closing costs because NO taxes need to be placed in escrow for the closing? I did NOT see this on facebook :)
Hello. I’m in Mission, Texas and I had to go to the Hidalgo County Appraisal District to file for my Property Tax Exemption. I walked in, checked in, took a seat and was called in 5mins. Sat at a desk with a county worker and I gave her my VA Award Letter. She reviewed it really quick, did a few things on the computer and told me they would mail out the Property Tax Exemption Approval Letter after they did an appraisal on my home because it was new construction. Home was built July 2022, I went to the county in October2022 and received my Property Tax Exemption Approval Letter in November 2022. Now Navy Federal is giving me a run around. There’s $8,000 in the escrow account but they’re asking for a specific letter with a dollar amount. I’ve been to the County Tax Accessors Office a few times but they can’t provide me with anything. 🤦🏻♂️
If you are at 100% it should be pretty easy for Navy fed. You may just need to talk to a manger. If they just reduced the tax bill but there is nothing to show what to that is where it can be challenging
@@JenniferBeeston thank you for the reply! I’ve spoken to a few people at Navy Fed. They’re requesting a document from the County with a dollar amount or a tax bill that shows a zero balance. Unfortunately, 2022 only showed what the builder owed for the lot since the home was just built. The county stated I would have to wait until Nov 2023. That’s a little over $700/mo that I still have to pay towards the escrow account when that could be applied towards the principal. Even though, there’s a nice chunk of change sitting there.
You will get a refund of the entire escrow amount and then no withholding once they get the 0 tax bill from the county. So for the 2nd year you may get a small escrow refund too. Also, how do you like it there? My wife just retired and is 100% but not P&T and from our research TX is the only state that allows the total exemption based on 100% schedular. We are living with family and trying to decide between Boerne, TX or the Mission/Edinberg, McAllen area.
@@danmorgan940 We had never been here before prior o our move. We ended up here because it was one of the few options I had along the border for work. We choose this area because of the airports, Space X and South Padre Island. We’ve been here 5 months and love it. During the Arctic Blast, our area dipped into the 30’s while San Antonio and further north were getting snow. It’s humid in the summer but not a big deal. Plenty of places to shop and eat. No complaints.
Can you make a video on using your VA benefits for the second time on buying a home loan
Yes:)
Mississippi is too.
Very good topic.
I'm permanently 100% service connected disabled .
I reside in Southern California.If I recall ,we are exempt up to $150,000 of the value of the property.
I was really hoping a new State Bill would pass allowing us to be completely exempt from all property tax but that bill failed in California.
Thanks to Governor Newsome 👎
That is 100% disappointing
@@JenniferBeeston
Yeah well ...
Can't win them all
What does 150,000 mean? As in we don’t have to pay up to 150,000 per year on property taxes?
@@JohnWick-uq1su I think it takes off 150k of the tax assessment. So instead of paying taxes on 300k worth of house you’d pay taxes on 150k worth of house. (Don’t kill me if I’m wrong but I think that’s correct 😅)
@@alecbrown6667 I may sound like a conspiracy theorist lol. I think they don’t have a total property tax exemption in CA is because the number of vets that live there. Hell you need to be 100% the DV plate. While states like CO, NM and TX you need to be a 50%
I have a few questions
A) What happens if a lender sells the loan to another lender.
B) Does your company work of out Las Vegas area, or California (Southern) / The bay area.
In North Carolina the exemption is not that good 😕
How does it work in NC with 100% disability? They say up to the first $45,000 of the appraised value of primary residence
I live in Greene County Illinois and I am 100% Permanent and Totally service connected. The assessor office said I am exempt for the value of my home but I still owe taxes on the land and small she's that is on my property. Is Illinois county by county or is it full tax exemption state wide?
The property county tax assessor would know best as it can vary
D you collect the taxes paid at the end of the year or do you just not pay each month?
Jennifer
Hi Can you do one on the current situation with the California NO Property Tax for 100% Disable Veterans starting on Jan 1 2023 is this Correct??? thanks YOU are the Best!!!!!
I will look into that. I saw that they were trying to get that through but had not seen it approved.
Out in Maine they are a Pain
I like your videos
Thank you!
Washington state should do this
Do you know if there is a property tax limit in Illinois? I am currently 100% P&T. I am fully exempt on my current property which taxes are roughly about $9000 per year. But I don’t wanna make the mistake of thinking that if the property taxes for particular home in the range of $26,000+ (which some suburbs do get up there) I will be exempt. Thank you for all your help. Love your videos by the way.
Thank you for tuning in. I would 100% suggest you call the county property tax assessor as they are the only one that can accurately answer that question for you. Most property tax assessor offices are really nice around the country especially when you say you’re disabled veteran, asking about your benefits
in Texas if u r 70,-80,-90,-to 100 % r exempt on property taxes
i am 90% total and permanent disabled veteran getting paid at 100%...bought a new home April 2022..so when i file will we get a bit higher taxes back to us as first time home buyers? or we wont see any extra money refunded? Thank You in advance
I'm in Albuquerque New Mexico USA I have a tax exemption I don't pay taxes because my husband was a Navy Vietnam veteran and he was 100% disabled he passed away if I pass away dose my children get a tax exemption to
I'm currently rated at 90 but when I was at 70 I got a full tax exemption no school, city or county tax. I live in Westchester county, NY. North and South Carolina you must be 100% for full tax exemption.
Nice !
Oh wow...how?
@@shannar4512 Contact your city tax accessor online or go to the office.
@@SNOWMAN1997 which town in Westchester?
@@Blazebattalion8im in yonkers, did you ever find out for 100% rated veterans?
How about Johnson County Kansas?
Call the county property tax assessor as they have all the details and the process. You want to make sure you get the info straight from the horses mouth
How about the state of Kansas?
How do you stop the exemptions?
My county tax office said they dont donthat there? Im in Missouri!
What county
What 😮If I already paid for my taxes but I’m exempt,? Do I get a refund art the end of the year or how do I get my money back? Im in Texas end you qualify for a 100% tax exemption with 80% rating
You need to file with the county to get your exemption and they can walk you through it. It is not auto. You have to file for it also verify what you get at 80% at county property tax assessor
Hey Jen, im in Volusia County Florida....do you happen to know if A 100PT vet is exempt from 2 property taxes?
Yes
Jennifer....are you aware of any property tax breaks for a veteran with a 90% rating living in Fairfax County, VA? When I lived in GA, we ejoyed a nice homestead exemption. Doesn't seem to be in VA...btw, under age 65.
I would call the county property tax assessor. They are the ones that handle that and can advice on exemptions
Some vets are "100% due to unemployability" ; some are the straight 100% from a service connected disability. Can the 100% due to unemployability qualify for exemption?
im 90% but getting paid at the 100% level as i am total and permanently disabled..so i know i am exempt however i got this rating in april 2022 right after we closed on our new build..so when we file for the 1st time do they retro the property taxes we have paid that whole time or no?
100% call the county tax assessor and see what you need to do. Only they can answer this correctly as they control tax bill
iowa gives a total waiver of property taxes when you are 100 percent
Hello there, I filed ch. 7 bk in 2013 on all debts including my house in nys. Was able to keep the house due to homestead exemption, had a certain amount of equity to keep it. Me paying is strictly voluntary and I am not obligated legally to pay nor is it my debt anymore.
My question is, will an underwriter give me a new mortgage on another mortgage when they run the Scooby-Doo report. Do I have to furnish bk dishcharge papers to prove I am not responsible and debt free of this mortgage so it doesn’t affect my dti
If the house is still in your name, and it still has a mortgage, you’re still legally required to pay for it. I don’t see how you would not be legally required to pay the mortgage, but you’d get to keep the house. That doesn’t make sense to me.
Come to Florida. 100% disabled veteran pays "zero" property taxes. My mailman has that deal. North Carolina gives 100%'ers exemption on the first $45k of appraised value.
What about in Superior northern Ontario?
Hello, can you use the tax exemption for a multifamily home? Like a duplex, triplex or quadplex?
Call the local county tax assessor. They are the only one that can give you real advise
Could a lender do a loan without property taxes if they choose with the veteran providing documentation? I was told by lender that taxes wasn’t included in my mortgage payments.
Yes if you can show you will be exempt then yes. We don’t collect taxes in Texas all the time for veterans who meet the requirements for a full exemption
I wish Massachusetts did 100 per cent they only do 1500 deduction.
1000 in most places in Mass
Iowa also has property tax exemption for 100%.
Great to know! Thank you!
with the taxes built into your monthly..how does it work once you are exempt? does your overall monthly go down or do you get that money back from escrow at year end?
Try taking a copy of the VA and the state tax approval to your lender. I got the taxes removed from my mortgage once I provided a copy of those letters.
@@janmedley5932 thanks
I'm in Comal County Texas. I had a horrible time getting the run around by the tax assessors office to get through all of their "gatekeepers" stationed at the front counter. Those people are clueless about Vets that are TDIU (Total Disability due to Individual Unemployability), and are receiving benefits at the 100% disabality rate. I finally got the correct person to talk to, explained the TDIU benefit. She verified what I told her by calling the local county Veterans Service Officer. I am now 100% exempted from paying taxes going back to 2020. The taxes I have already paid, and are supposed to be refunded to me is my current problem. These people put 100% disabled veterans in a category lower than people who won't pay their taxes at all! These tax assessment people are acting like we don't deserve the exemption, even though it's the law in Texas. They drag their feet and make stupid excuses every step of the way.
My attorney is appealing the effective date of my 100% disability back to 2013, instead of 2020. Then getting back pay from the VA from the earlier effective date will be the new battle.
@@jerrystephens939 Thanks very much!
Sorry to say but you’re wasting your money with that. Unfortunately you’ll find out way
@@Behemoth66- You're kinda misinformed! It costs me nothing to file for tax exemptions with the county. They'll only repay the taxes you've paid going back five years with proof you've been 100% for that time frame.
What about NJ?
Bibb county Georgia
What about vehicle tax exemption?
Va is not full exemption, depending if you have a driveway to your home. They charge a small amount for the driveway.
What state are you referencing?
@@JenniferBeeston Virginia
I have 80% and looking to buy a house in FL. Do I get 80% off property taxes in FL?
Always best to check with the county property tax assessor
Jen what happens if your county doesn't require property tax , but my mortgage company still is making me pay taxes, this has been going on for over a year.
You need to file for the exemption with your county tax assessor and once approved get to your mortgage company
Have already sent them a copy of permanently 100% disabled, loan depot still is making me pay taxes even emailed the governors office, they didn't help either, tried to hire a lawyer can't find one to take my case. Absolutely unbelievable that I can't get no help, this is crazy.
Thanks for your help and advice.
Steven