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.

SB 12 increases property tax relief for disabled veteran homeowners in Tennessee by raising the value threshold for reimbursement. The bill amends Tennessee law to change the reimbursement amount from covering the first $175,000 of a home's market value to the first $200,000. This directly affects qualifying disabled veterans who receive property tax relief under existing programs. The change takes effect July 1, 2025, for tax years beginning on or after that date. The amendment applies to all relevant sections of Tennessee Code Annotated, Title 67, Chapter 5, Part 7.