Military service — exemptions.

The following exemptions from taxation shall be allowed: 1. The property, not to exceed two thousand seven hundred seventy-eight dollars in taxable value for assessment years beginning before January 1, 2023, of any veteran, as defined in section 35.1 , of World War I. 2. a. The property, not to exceed one thousand eight hundred fifty-two dollars in taxable value for assessment years beginning before January 1, 2023, of an honorably separated, retired, furloughed to a reserve, placed on inactive status, or discharged veteran, as defined in section 35.1, subsection 2 , paragraph “a” or “b” . b. The property, not to exceed four thousand dollars in taxable value for the assessment years beginning on or after January 1, 2023, of an honorably separated, retired, furloughed to a reserve, placed on inactive status, or discharged veteran, as defined in section 35.1, subsection 2 , paragraph “a” or “b” . 3. Where the word “veteran” appears in this chapter , it includes without limitation the members of the United States air force, merchant marine, and coast guard. 4. For purposes of this chapter , unless the context otherwise requires, “veteran” also means a resident of this state who is a former member of the armed forces of the United States and who served for a minimum aggregate of eighteen months and who was discharged under honorable conditions. However, “veteran” also means a resident of this state who is a former member of the armed forces of the United States and who, after serving fewer than eighteen months, was honorably discharged because of a service-related injury sustained by the veteran. 5. For the purpose of determining a military tax exemption under this section , property includes a manufactured or mobile home as defined in section 435.1 . [C97, §1304; S13, SS15, §1304; C24, 27, 31, 35, 39, § 6946; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §427.3 ; 82 Acts, ch 1063, §1 ] 83 Acts, ch 101, §87 ; 84 Acts, ch 1219, §32 ; 88 Acts, ch 1151, §9, 10 ; 88 Acts, ch 1243, §10 ; 89 Acts, ch 296, §45 ; 91 Acts, ch 199, §5 ; 94 Acts, ch 1173, §35 ; 99 Acts, ch 151, §88, 89 ; 99 Acts, ch 180, §18 CS99, §426A.11 2001 Acts, ch 153, §15 ; 2001 Acts, ch 176, §80 ; 2002 Acts, ch 1151, §18 ; 2005 Acts, ch 115, §32, 40, 41 ; 2006 Acts, ch 1111, §1, 3 ; 2009 Acts, ch 164, §3, 7 ; 2013 Acts, ch 30, §97 ; 2013 Acts, ch 140, §66 ; 2014 Acts, ch 1026, §91 ; 2023 Acts, ch 71, §53, 55, 56 Referred to in §331.512 , 331.608 , 420.207 , 425.11 , 426A.12 , 426A.13 , 426A.15 , 435.26 2023 amendment to subsections 1 and 2 applies retroactively to assessment years beginning on or after January 1, 2023; 2023 Acts, ch 71, §56