NC S109

Expands the disabled veteran property tax homestead exclusion beyond the first $45,000 of appraised value to also exclude any home value attributable to VA-funded adaptations for service-connected disabilities

Allows disabled veterans to prequalify for the property tax homestead exclusion before purchasing a home, helping veterans and lenders determine tax benefits in advance for mortgage payment calculations

Requires county assessors to notify prequalification applicants of their eligibility status within 30 days of receiving an application

Prequalified veterans may use their prequalification notice instead of disability certification documents when applying for the exclusion after purchasing a home

Effective for taxable years beginning on or after July 1, 2025