Chip is a veteran who fought in Desert Storm. He has just retired from the military. He has been told he qualifies for a property tax exemption based on his military service during wartime. Which exemption applies to Chip?
A. Section 218
B. Proposition 13
C. Section 205
D. Proposition 60
Answer: C. Section 205
Step-by-step explanation:
Section 205 of the property tax speaks about the property tax exemption for veterans. Under the category of veterans comes the people of military staff who have been currently serving or have been discharged due to some reasons like poor health, loss of body part or any other reason. The emption of property tax cannot exceed $4,000 for eligible veterans.
Section 205 can be applied on Chip for the emption of property tax due to being Veteran.