Any veteran age 65 and older may qualify for a homestead property tax discount if the veteran has an honorable discharge from military service. Homestead, over sixty-five, and disabled veterans exemptions are examples of partial exemptions, which reduce the taxable value on qualifying property.Several government entities and local utilities offer electric vehicle and solar incentives for customers, often taking the form of a rebate or a tax credit. In the context of property tax exemptions, a homestead typically refers to a primary residence where the homeowner lives.