Taxes, Ad Valorem - As introduced, increases the amount of the reimbursement that is paid under the provisions for property tax relief for disabled veteran homeowners from the first $175,000 of the full market value of the home to the first $250,000 of the full market value. - Amends TCA Section 67-5-704.

SB 681 would increase property tax relief for disabled veteran homeowners in Tennessee by raising the taxable value threshold from $175,000 to $250,000. This change directly affects veterans with disabilities who own homes, allowing them to receive tax reimbursement on a larger portion of their home's value. The bill amends Tennessee Code Annotated Section 67-5-704 to adjust this threshold, meaning more of a home's value would be exempt from property taxes under the relief program. The bill is currently pending in the Senate Finance, Ways, and Means Committee and would take effect July 1, 2025, if passed.