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Benefit for disabled veterans

Post Date:05/23/2017 9:31 AM

The Carver County Property Assessment Department reminds citizens that June is the final month for disabled veterans, their dependents and caregivers to claim annual exclusion on homestead property. 

The Valuation Exclusion on Homestead Property for Disabled Veterans Program provides annual market value exclusion for property tax purposes on homestead property of an honorably discharged veteran who has a service-connected disability rating of 70 percent or higher, surviving spouses of qualifying veterans and service members, and primary family caregivers of qualifying veterans.

Applications are available from the Assessor’s Office in the Carver County Government Center Administration Building, 600 East Fourth St., Chaska. Applicants must apply by July 1 to qualify for the exclusion on the current year’s market value for taxes payable next year (except for manufactured homes assessed as personal property, which are taxed in the same year they are assessed). For example, in order to qualify for value exclusion for the 2017 assessment, you must apply by July 1, 2017. The exclusion will then affect your taxes payable in 2018.

Applications are due annually, except for veterans with a total (100 percent) and permanent disability. 

Any application received after July 1 of the assessment year will be considered effective for the following assessment year.  Surviving spouses of service members who die on active duty may apply for initial exclusion within two years of the death of the service member.

The Minnesota Department of Revenue has a dedicated webpage that serves as a centralized spot for members of the military to learn about military tax benefits and find information on claiming the credits they are entitled to receive. In addition to information on the Valuation Exclusion on Homestead Property for Disabled Veterans, it includes information on the following:

  • New in 2016 - Military Pension Subtraction. Certain military retirement pay (including pensions) can be subtracted from your Minnesota taxable income.

  • Credit for Military Service in a Combat Zone. You may qualify for this credit if you served in a combat zone or qualified hazardous duty area on or after January 1, 2013.

  • Credit for Past Military Service. If you are a veteran of the U.S. military, including the National Guard and Reserves, you may qualify for a tax credit of up to $750 for your past service.

  • Active-Duty Military Pay Subtraction. Members of the military who are Minnesota residents may subtract federally taxable active-duty military pay when determining their Minnesota tax.

  • Filing Extensions. If you are serving in the U.S. military and cannot file or pay your Minnesota income tax by the due date, you may be eligible for an extension.

For more specific information Valuation Exclusion on Homestead Property for Disabled Veterans program, or for answers to specific questions, contact the Carver
County Assessor’s Office at 952-361-1960.

For questions related to service connected disability and the form(s) that is required to be submitted with the application, or any other questions on veterans benefits you may have, contact the Carver County Veterans Services Office at 952-442-2323.