Details
The veteran exemption entitles you to $3,340 of assessed valuation deduction for the 2023/24 fiscal year. Conversion into actual cash dollar savings varies depending on the tax rates; currently, it is approximately $115 per year on the real estate or personal property taxes or up to $133.60 on the basic governmental service tax portion of your motor vehicle registration. Veterans may pay the exemption amount and elect to donate that portion of their payment to the construction and maintenance of a veteran’s retirement home.
VETERAN EXEMPTION APPLICATION
SEE IF YOU QUALIFY FOR AN EXEMPTION
Disabled Veteran Exemption
The Disabled Veteran Exemption amount will depend upon the percentage of permanent service-connected disability. The 2023/24 fiscal year amounts will be as follows:
◦ 60% - 79% disabled - $16,700 assessed value (approximately $585 property or up to $668 vehicle per fiscal year)
◦ 80% - 99% disabled - $25,050 assessed value (approximately $875 property or up to $1,002 vehicle per fiscal year)
◦ 100% disabled - $33,400 assessed value (approximately $1,150 property or up to $1,336 vehicle per fiscal year)
In order to apply for this exemption, bring your Nevada driver’s license or Nevada ID card to the assessor’s office along with your separation papers from the United States Armed Forces showing an honorable discharge, entry and discharge dates, and a minimum of 90 consecutive days active duty.
For disabled veterans, please provide separation papers from the United States Armed Forces showing an honorable discharge, entry and discharge dates, and Veteran’s Administration documentation showing a minimum of 60% permanent service-connected disability.
Another Option
If you have served on active duty in connection with carrying out the authorization granted to the President of the United States in Public Law 102-1, and who received, upon severance from service, an honorable discharge or certificate of satisfactory service from the Armed Forces of the United States, or who, having so served, is still serving in the Armed Forces of the United States, may receive an exemption on their valuation. The amount of assessed valuation that is exempt from taxation is pursuant to NRS 361.090, subsection 1.