NC S149

Increases disabled veterans' property tax homestead exclusion to include any portion of appraised value attributable to medical adaptations funded by U.S. Department of Veterans Affairs housing grants, in addition to the existing $45,000 base exclusion.

Allows disabled veterans to prequalify for the property tax exclusion before purchasing a permanent residence, enabling taxpayers and lenders to determine tax benefits in advance of home purchase.

Requires county assessors to notify prequalified applicants of their eligibility within 30 days of receiving a prequalification application.

Permits prequalified veterans to provide a prequalification notice from the assessor instead of disability certification or VA benefits documentation when applying for the actual exclusion.

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