property tax; exemption; veterans; disabilities

Added requirement for individuals to annually calculate income from the preceding year to ensure continued eligibility for property tax exemptions and notify the county assessor in writing of any disqualifying events.

Added new definitions for 'competent medical authority' (licensed medical professionals, nurse practitioners, or VA disability award letters) and 'GDP price deflator' (average of four implicit price deflators for gross domestic product).

Added 'Loss of time insurance' and 'Gifts from nongovernmental sources, surplus foods or other relief in kind supplied by a governmental agency' to the list of monies not included in income from all sources when determining exemption eligibility.

Reorganized subsection numbering and formatting from the introduced version to the house engrossed version, including changes in section headers and line numbering, while maintaining the same substantive policy provisions.