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HB 299

Blue Ribbon Projects

2026 Regular Session Introduced by Lauren Melo

HB 299 increases the Disabled Veteran Property Tax Homestead Exclusion from $45,000 to $54,000 for qualifying owners.

Reported out of Commerce Committee
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Bill Summary · HB 299

HB 299 — Increase Disabled Veteran Property Tax Benefit (Summary)

Status: Passed 1st Reading
Introduced: (filed 2025) — See statutory effective date below
Subject: Property taxation; tax exemptions; veterans

Main purpose

HB 299 raises the homestead property tax exclusion available to qualifying disabled veterans. The bill increases the amount of a residence’s appraised value that is excluded from taxation under the Disabled Veteran Property Tax Homestead Exclusion.

Key provisions

  • Amends G.S. 105‑277.1C(a) (the Disabled Veteran Property Tax Homestead Exclusion).
  • Changes the excluded amount of appraised value from $45,000 to $54,000 — an increase of $9,000.
  • Confirms that a qualifying owner who receives this exclusion may not receive other property tax relief for the same property.
  • Effective date: applies to taxes imposed for taxable years beginning on or after July 1, 2025.

Who is affected

  • Primary beneficiaries: “Qualifying owners” as defined in G.S. 105‑277.1C — i.e., disabled veterans (and/or other persons who meet the statute’s eligibility criteria) who own and occupy a permanent residence that qualifies for the exclusion.
  • Secondary: Local taxing units (counties, municipalities, school districts) — they will receive slightly lower property tax revenue from properties that claim the larger exclusion.

Practical effect and fiscal impact

  • Per-property effect: The taxable value of an eligible homestead may be reduced by an additional $9,000 compared to the prior law.
  • Tax savings for an individual homeowner depend on local tax rates. Example: at a property tax rate of $1.00 per $100 of value (1.00%), a $9,000 exclusion reduces taxes by $90 annually; at a 0.75% rate the annual savings would be $67.50. Local rates vary, so actual savings differ by jurisdiction.
  • Aggregate fiscal impact: The bill will reduce property tax revenues to local governments to the extent the increased exclusion is claimed; the statewide revenue impact depends on the number of eligible claimants and local tax rates. No revenue estimates are provided in the bill text.

Other notes

  • The bill preserves the statute’s existing condition that a recipient of this exclusion may not claim other property tax relief for the same property.
  • For precise eligibility rules (who qualifies as a “qualifying owner”), administrative procedures, or application processes, consult G.S. 105‑277.1C and local tax assessor guidance.

If you’d like, I can:
- Pull and summarize the current statutory definition of “qualifying owner” under G.S. 105‑277.1C, or
- Estimate fiscal impact for a specific county using its current tax rate and an assumed number of eligible veterans.

Compiled from official sources — confirm details with the bill’s official record.

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