This property tax program provides for the cancellation or refund of taxes paid
When property becomes eligible after the lien date (new acquisition or occupancy of a previously owned property) or
Upon a veteran’s disability rating or death.
This further provides for the termination of the exemption on the date of sale or transfer of a property to a third party who is not eligible for the exemption or on the date a person previously eligible for the exemption becomes ineligible.