OR SB387

Increases property tax exemption for veterans with 40% or more disability from $15,000 to $60,000 of assessed value for homestead or personal property

Raises exemption for veterans with service-connected disabilities of 40-99% from $18,000 to $65,000 of assessed value

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

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 exemptions to unmarried surviving spouses of qualifying veterans and adds income limits of $120,000 (single) or $240,000 (joint) for eligibility, with annual inflation adjustments