NC H683

Expands the disabled veteran property tax homestead exclusion from the first $45,000 of appraised value to the entire appraised value of the primary residence

Qualifying owners include disabled veterans with service-connected permanent and total disabilities, veterans who received benefits under 38 U.S.C. § 2101, and unremarried surviving spouses of disabled veterans

Establishes a state reimbursement program to compensate local governments for lost property tax revenue, with county tax collectors required to report total hold harmless amounts to the Secretary of Revenue by September 1 each year

Reimbursement funds will be drawn from state individual income tax collections and distributed to counties by December 31 each year, with counties required to pass through amounts attributable to cities within their boundaries

Effective for taxable years beginning on or after July 1, 2026