This market value exclusion program reduces the market value of the home for tax purposes, which may reduce your property tax. If you're a veteran moving to a different state, you'll want to know what exemptions you'll have to look forward to.Learn more in this post. Include all proper documentation. A statebystate guide to VA property tax exemptions, deductions and credits available to former service members with VA disability ratings. Additional exemptions based on income and disability. Exemption: Disabled veterans can receive an annual reduction in the equalized assessed value (EAV) of their primary residence. For homestead of persons who are a Veteran with a Disability.