If you are a disabled war veteran or the surviving spouse of a war veteran, you may be entitled to exempt $17,911 or $21,493 of your homestead property‚Äôs assessed value from property taxes. The exemption amount increases by 3 percent each year. The exemption is first applied to your home and then to your taxable personal property. If you are an Oregon resident and a qualifying veteran or that veteran’s surviving spouse and live in your home, you may file a claim and receive the exemption.