Taxes, Ad Valorem - As introduced, changes the reimbursement amount for property tax relief for disabled veteran homeowners; increases the reimbursement amount from payment on the first $175,000 of the full market value of the home to payment on the first $200,000 of the full market value. - Amends TCA Title 67, Chapter 5, Part 7.

HB 1687 increases property tax relief for disabled veteran homeowners in Tennessee by raising the reimbursement threshold from $175,000 to $200,000 of a home's full market value. This change directly affects qualifying disabled veterans who receive property tax relief under Tennessee law, allowing them to benefit from higher reimbursement amounts on their primary residences. The bill amends Tennessee Code Annotated Section 67-5-704(a) to update the specified value in all relevant subsections. The change takes effect for tax years beginning July 1, 2026.