North Carolina disabled veterans could receive additional financial relief from rising property taxes under new legislation introduced in the General Assembly.
Senate Bill 128, The Heroes Homestead Act, seeks to raise the property tax homestead exclusion from $45,000 to $76,500, offering greater financial relief for veterans starting in 2026. The proposal comes as property values continue to increase, which has raised property taxes and narrowed the veteran tax benefit.
In a comment to the Carolina Journal, Sen. Michael Lazzara, R-Onslow, explained that the tax benefit has become less impactful as property values have risen. He expressed optimism about the bill moving forward this year, noting that it will not impact the state’s tax revenue…