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 151 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 own homes, allowing them to receive tax relief on a larger portion of their property value. The bill amends Tennessee Code Annotated Title 67, Chapter 5, Part 7, to adjust the reimbursement calculation without altering eligibility requirements. The increase applies to tax years beginning on or after July 1, 2025. This is a concrete policy change focused on expanding existing tax relief for a specific group of veterans.