Most states offer some Veteran exemption on property taxes. This reduction can potentially save a person thousands of dollars each year. However, each state has its own set of rules. For example, in Colorado, a Veteran with a 100% disability rating can receive a 50% property tax exemption for the first $200,000 of the actual value of their primary residence. This deferral also extends for qualifying veterans over the age of 65 and for active-duty personnel. In Wyoming, any Veteran can receive a property tax exemption of $3,000 of the assessed value of their primary residence if the Veteran has lived there for a minimum of 3 years and has served during a period of war. If the exemption is not used, it can be applied to their vehicle license fee.