This past session, the Legislature approved a measure granting all U.S. military veterans with 100% service connect disability to be exempt from property taxes for their place of residence. In addition, this includes surviving spouses of veterans who died on active duty or died due to their 100% service connected disability. This exemption can be applied retroactively to this current tax year.
However, eligible veterans and families must complete and submit the form to their county assessor no later than July 1, 2014, to receive the property tax exemption for 2014. The newly revised Application for Disabled Veteran’s Homestead Tax Credit (Iowa Department of Revenue Form 54-049a (06/12/14)) is available for completion and submission to local county assessor’s offices by qualified disabled veterans and DIC claimants.
The application form, along with a current Benefits Paid Letter, must be submitted no later than July 1, 2014, to obtain the tax exemption this year. The Benefits Paid Letter may be obtained by contacting U.S. Veterans Affairs at 1-800-827-1000, visiting a U.S. Veterans Affairs office, or through the veteran’s e-benefits account online.
The application form is available on the Iowa Department of Revenue website (www.iowa.gov/tax), the Iowa Department of Veterans Affairs website (https://va.iowa.gov), or at the local county assessor’s office. Instructions for completion of the application can be found on the form.