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Assessor briefs commission on HB47 veterans tax changes; partial-disability exemptions raise implementation questions

3217255 · May 7, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

County assessor staff said House Bill 47 took effect for 2025, raising the basic veteran exemption from $4,000 to $10,000 immediately, while a new partial-disability exemption begins in 2026 but leaves open implementation details including trust treatment, multiple-title properties and how exemptions will be stacked.

San Juan County assessor staff briefed commissioners on recent state legislation, House Bill 47, that expands property-tax exemptions for veterans and creates a new partial-disability exemption, but said many implementation details remain unresolved.

The assessor's office reported that the increase of the standard veteran exemption from $4,000 to $10,000 is already effective in 2025 for applicants who have completed the county application process. The…

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