AR HB1072

Disabled veterans, surviving spouses, and minor dependent children need only submit a Department of Veterans Affairs letter one time to establish eligibility for the property tax exemption, eliminating the annual submission requirement

Taxpayers must notify the county collector if their legal status changes and they no longer qualify for the exemption, or if there are changes to the property description, ownership, use, or occupancy

Taxpayers who change their homestead must submit a new VA letter to the county collector in the county where the new homestead is located

County collectors may remove erroneously granted exemptions and levy up to 3 years of back property taxes plus applicable penalties, interest, and costs against the taxpayer who claimed the erroneous exemption

Effective for assessment years beginning on or after January 1, 2025; approved April 17, 2025