OR HB3287

Increases property tax exemption for veterans with 40%+ disabilities from $15,000 to $60,000 of assessed value, and from $18,000 to $65,000 for veterans with 40-99% service-connected disabilities

Creates new $150,000 exemption tier for veterans with 100% service-connected disability or multiple disabilities totaling 100%+

Establishes 90% property tax exemption for 100% disabled veterans who meet VA unemployability criteria and whose property taxes exceed 14% of their taxable income

Extends exemption eligibility to unmarried surviving spouses of qualifying veterans, removing previous income restrictions for physician-certified disability claims

Applies to property tax years beginning July 1, 2026, with the state Department of Veterans' Affairs reimbursing counties for lost revenue from the new exemption tiers