NC H594

Allows disabled veterans and surviving spouses of disabled veterans (who have not remarried) to prequalify for the disabled veteran property tax homestead exclusion before owning a permanent residence

Permits prequalification applications to be filed at any time on a form approved by the Department and must be accompanied by disability certification or evidence of benefits received under 38 U.S.C. § 2101

Requires county assessors to notify applicants of their qualification for property tax relief within 30 days of receiving a prequalification application

Enables taxpayers and lenders to determine in advance the availability of the tax benefit to facilitate omitting exempted amounts from mortgage payment calculations

Takes effect for taxes imposed for taxable years beginning on or after July 1, 2024