NC S228

Replaces the current flat $45,000 property tax exclusion for disabled veterans with a sliding scale exclusion equal to the percentage of the home's appraised value matching the veteran's VA disability rating (e.g., 70% disability rating = 70% of home value excluded)

Requires veterans to have a VA-certified disability rating of 50% or greater for a service-connected condition to qualify for the exclusion

Surviving spouses of disabled veterans receive the greater of either the exclusion amount at the time of the veteran's death or the $45,000 flat exclusion, if the death resulted from a service-connected condition

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