Illinois Homestead Exemption For Veterans In Virginia
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Real Estate Tax Exemption On April 6, 2011, the Virginia General Assembly approved legislation exempting certain Disabled Veterans and their surviving spouses from local real estate taxes on their principal place of residency, which they own and occupy.
In order to qualify for a property tax exemption, your organization must be exclusively beneficent and charitable, religious, educational, or governmental and own the property that is used exclusively for charitable, religious, educational, or governmental purposes and not leased or used for profit.
A one time $100 bonus is payable to veterans who serve on or after September 11, 2001 and were residents of Illinois for 12 months immediately prior to entering service.
The exemption is for two consecutive tax years, the tax year that the veteran returns from active duty in an armed conflict involving the armed forces of the United States and the following year. The veteran must own and occupy the property as his or her principal residence on January 1 of each assessment year.
