Veterans with qualifying service-connected disabilities are eligible for property tax exemptions. Illinois veterans and persons with disabilities may be eligible for tax relief through the property tax homestead exemptions and mobile home exemptions.Disabled veterans may have some or all of their property taxes covered. This is called a Standard Homestead Exemption for Veterans with Disabilities (SHEVD). Applicants must file a Form PTAX-341, Application for Returning Veterans' Homestead Exemption, with the Chief County Assessment Office. There are a number of exemptions that help lower your property taxes in Texas. To qualify for the over65 property tax exemption, a property owner must be 65 or older, and reside in the home as their principal residence.