SB 694 raise property tax exemption for disabled veterans

SB 694 VOTE:YES – Died in Committee

Status (overview) of bill:https://olis.leg.state.or.us/liz/2017R1/Measures/Overview/SB694

Posted on Track Thier Vote HERE

This bill will raise property tax exemption for property of veterans with disabilities to reflect modern, higher property values.

Fiscal Responsibility
changes the exempt from taxation from $18,000 to $65,000 of the assessed value of the homestead or personal property for veterans with any disability of 40% or more, from $18,000 to $65,000 for veterans with service-related disability of 40% or more, and adds a new exemption of up to $150,000 for veterans with service-related disability of 100% or more.