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Half of the First $200,000 — P&T or IU

50% of the first $200,000 of the home’s actual value is exempt for a 100% permanent and total veteran — and, since Amendment G, for a veteran on individual unemployability.

Verified August 25, 2026

What this benefit is

50% of the first $200,000 of the home’s actual value is exempt for a 100% permanent and total veteran — and, since Amendment G, for a veteran on individual unemployability.

What it's worth: 50% of the first $200,000 of actual value, exempt

  • The maximum reduction is $100,000 of taxable value, on the primary residence occupied since January 1.

Who is entitled to it

  • You meet the permanent and total test.
  • You own and occupy the home.
  • Your home is in this state.

Not sure whether that describes you?

Answer a few questions about this benefit specifically — we only ask what this one actually depends on, and we stop as soon as we know.

How to claim it

Deadline: July 1
  1. 1Apply directly to your county assessor between January 1 and July 1. Applications sent to the Division of Veterans Affairs are delayed and may reach the county after the deadline.
  2. 2If you are paid at the 100% rate through individual unemployability, apply: Amendment G opened that door.
  3. 3Gold Star spouses have their own route into the exemption — it does not end with the veteran. Ask the Division of Veterans Affairs about that route, but file the application itself with the assessor.
Form
Disabled veteran exemption application
File with
Your county assessor, between January 1 and July 1
Documents you will need
va benefit summary letter
No renewal
Once granted it does not need renewing.
CorrectionAmendment G (2024) extended this to veterans on individual unemployability. Guidance written before it says 100% permanent and total only, and an IU veteran reading it would wrongly conclude they are shut out.
Worth knowingThe application goes to the Division of Veterans Affairs, not the county — filing at the assessor is the most common wrong turn.

Sources

Why only one source type: The state Division of Veterans Affairs pages returned 403; the El Paso County assessor — an administering office — states the exemption, the IU route and the July 1 deadline in terms.

This finder provides an informational match, not a government eligibility determination. The responsible agency decides your application.