Learn about how to qualify for homestead, including services for veterans, blind or disabled people, and residential or agricultural properties. Get more information here.​Homestead Exemption. This market value exclusion program reduces the market value of the home for tax purposes, which may reduce your property tax. Virginia's "exceptional" and temporary forfeiture scheme carries little weight against the overwhelming consensus of its sister States. These are usually limited to primary residences. A statebystate guide to VA property tax exemptions, deductions and credits available to former service members with VA disability ratings. The United States offers multiple tax breaks for disabled veterans. Here are the qualifications for each and how they may apply to your current situation. West Virginia's severely disabled veterans will be eligible for a tax break starting next year.