To receive a disabled veteran exemption, you must either be a veteran who was disabled while serving with the US armed forces or the surviving spouse or child. To apply, individuals must submit an application and documentation from the Department of Veterans Affairs indicating the percent of disability awarded.Obtaining a veterans exemption is not automatic – If you're an eligible veteran, you must submit the initial exemption application form to your assessor. There are three different property tax exemptions available to veterans who have served in the US Armed Forces. If you own and occupy your home, you may be eligible for the general residence homestead exemption. 100 Percent Disabled Veteran Exemption (Tax Code Section 11.131(b)):. The Veterans Exemption helps veterans and their family members reduce their property taxes. To be eligible, the property must be your primary residence. The Veterans Exemption helps veterans and their family members reduce their property taxes. To be eligible, the property must be your primary residence.