States Expand Property Tax Relief for Veterans
States Expand Property Tax Relief for Veterans

States Expand Property Tax Relief for Veterans

News summary

Recent measures across several states aim to provide financial relief to veterans and their families, particularly in the context of property taxes and vehicle registration fees. In Virginia, an overwhelming 93% of voters approved an amendment to expand property tax exemptions to surviving spouses of service members who died in the line of duty, not just those killed in action. In Hawaii, a new bill proposes to exempt veterans aged 65 and older from annual motor vehicle registration fees, recognizing their sacrifices on fixed incomes. Meanwhile, Connecticut has introduced a property tax exemption for 100% disabled veterans, while New Mexico voters increased the property tax exemption for veterans and expanded eligibility. These legislative efforts come at a time when rising property values and taxes are straining many households. Overall, these initiatives reflect a growing recognition of the sacrifices made by those who have served in the military and aim to ease their financial burdens.

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