CA SB1183

Increases the disabled veterans' property tax exemption from $100,000 (or $150,000 for low-income veterans) to $1,000,000, adjusted annually for inflation, effective for property tax lien dates in the 2017-18 fiscal year and thereafter.

Defines "blind in both eyes" as meeting the definition of blind person under Welfare and Institutions Code Section 19153, and expands "totally disabled" to include veterans unable to move without an assistive device.

Applies the $1,000,000 exemption cap to both disabled veterans and their unmarried surviving spouses who qualify for the exemption.

Specifies that the exemption amount shall be adjusted annually beginning January 1, 2018, by an inflation factor based on the California Consumer Price Index.

Provides that the state shall not reimburse local agencies for property tax revenues lost due to the exemption increase, notwithstanding Revenue and Taxation Code Section 2229.