AZ SB1113

Provides full property tax exemption for veterans with 100% disability rating determined by the United States Department of Veterans Affairs.

Limits property tax exemption to $4,188 for widows, widowers, persons with total and permanent disabilities, and veterans with less than 100% disability rating, provided total property assessment does not exceed $28,459.

For veterans with disability ratings below 100%, further limits the $4,188 exemption by multiplying it by the percentage of the veteran's disability rating.

Requires annual income verification to maintain eligibility, with income limits of $34,901 (or $41,870 if claimant has dependent children) from all sources for claimant, spouse, and resident children.

Applies to tax years beginning January 1, 2025 and thereafter.