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Board approves expanded veteran property tax options; assessor estimates up to $32 million assessed-value impact
Summary
The Board adopted a local ordinance implementing parts of Public Act 24-46, expanding eligibility for property tax exemptions for 100% disabled veterans and related surviving spouses; assessor estimated the measure could remove $25–$32 million in assessed value, with a potential fiscal impact of about $945,600 at the current mill rate.
Milford — The Board of Aldermen unanimously adopted an ordinance (chapter 20.5, sections 20.5‑7.2 and 20.5‑14.2) on Oct. 6 giving the city several local options under state Public Act 24‑46 to expand property tax exemptions for certain veterans and surviving spouses.
The adopted ordinance: (1) extends eligibility to veterans determined by the U.S. Department of Veterans Affairs to be totally disabled based on individual unemployability (not just a 100% disability rating); (2) permits the city to include up to two acres of land with an exempt dwelling; (3) allows the city to cap the exemption at the city’s median…
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