Disabled Veterans Tax Relief Bill.

SB 228 modifies North Carolina's property tax exclusion for disabled veterans, replacing a flat $45,000 exemption with a percentage-based system tied to the veteran's VA disability rating. It directly affects veterans with a 50% or higher service-connected disability rating (or surviving spouses if the veteran died from a service-connected condition), who own their primary residence. Under the bill, the tax exclusion equals the veteran's disability percentage multiplied by their home's appraised value (e.g., a 70% disabled veteran would get 70% of their home's value excluded). Eligibility requires VA certification of the disability rating as of January 1 prior to the tax year, and the change takes effect for taxes due in 2025.