Property Tax Exemptions
General Homestead Exemption (owner-occupied exemption) – available to residential property that is occupied by the owner(s) as their principal dwelling place. This exemption is based on occupancy of January 1st of the tax year and is administrated by the Chief county Assessment Office. Renewal is automatic. The amount of exemption is equal to the current year’s assessment over the 1977 assessment, with a maximum of $6,000.
General Homestead Exemption (Tenant) – available to single-family, residential property occupied by a tenant that is responsible for the real estate taxes. This exemption is based on occupancy of January 1st of the tax year and is administrated by the Chief County Assessment Office. Application must be made by December 31st of each tax year. The amount of the exemption is equal to the current year’s assessment over the 1977 assessment, with a maximum of $6,000.
Homestead Improvement Exemption – available to qualified homeowners who have made improvements to their principal dwelling place. Exemption is up to $75,000 of the value of the home improvement if the improvement resulted in an assessment increase. This exemption continues for up to four years from completion of the improvement. Your township assessor should submit an application to the Chief County Assessment on your behalf at the time the improvement is assessed. Note: if a building permit is required for the home improvement that is a requirement for this exemption.
Senior Citizen Homestead Exemption – available to qualified senior citizens who are least 65 years of age. The Chief County Assessment Office administrates this exemption. Homeowners should apply for this $4,000 exemption ($5,000 beginning 2013, taxes payable 2014) anytime during the year they turn 65. Beginning with assessment year 2003, taxes payable in 2004, property that is occupied as a residence by a person who is eligible for this exemption will be granted a pro-rata exemption for the assessment year. Application must be made by December 31st of the tax year. Renewal is automatic.
Senior Citizen Assessment Freeze Exemption – available to senior citizens if residential property is owned and occupied by a person at least 65 years of age with a household income of $55,000 or less. This exemption is based on occupancy of January 1 of the application year and January 1 of the year prior to application and is administrated by the Chief County Assessment Office. The amount of the exemption is equal to the current year’s assessed value over the assessed value prior to the first qualifying year. Annual applications are required. Click here for step-by-step instructions.
Disabled Veteran’s Exemption (Specially Adapted Housing) – may exempt up to an assessed value of $70,000. The Illinois Department of Veteran’s Affairs determines eligibility for this exemption. For questions, phone (217) 785-2252.
Returning Veterans’ Homestead Exemption – Begins with taxable year 2007. Must be owned and occupied as primary residence of a veteran returning from an armed conflict involving the armed forces of the US who is liable for paying taxes on the property. “Veteran” means an IL resident who has served as a member of the US Armed Forces, IL National Guard, or the US Reserve Forces. This is a $5,000 exemption for the year the veteran returns from active duty only. Completed applications are submitted to the CCAO office.
Disabled Persons’ Homestead Exemption – Begins with taxable year 2007. Must be owned and occupied as primary residence of a disabled person and they must be liable for paying the property taxes. “Disabled Person” means a person unable to engage in any substantial, gainful activity by reason of a medically determinable physical or mental impairment, which can be expected to result in death or has lasted or can be expected to last for a continuous period of not less than 12 months. Disabled person must submit proof of disability in one of the following forms: Issuance of an IL Disabled Person ID Card stating that the claimant is under a Class 2 disability. Claimant must be examined by a DOR designated physician and determined based on same standards as used by the SSA. Cost to be incurred by claimant. Applicatons and verification of eligibility must be submitted to the Assessment Office annually. This annual exemption is $2,000.
Disabled Veterans’ Standard Homestead Exemption – Begins with taxable year 2007. For Veterans with a service-connected disability of at least 70%, as certified by the US Department of Veterans Affairs, the annual exemption is $5,000. For veterans with a service-connected disability of at least 50%, but less than 70%, as certified by the US DVA, the annual exemption is $2,500. This exemption carries over to surviving spouse as long as the spouse has a legal interest in the property, permanently resides there and does not remarry. If surviving spouse sells the house and buys another, the exemption transfers to the new residence as long as it is used as the primary residence and the spouse does not remarry. “Veteran” means an IL resident who has served as a member of the US Armed Forces on active duty or State active duty, a member of the IL National Guard, or a member of the US Reserve Forces and who has received an honorable discharge. Annual renewal is required. Completed applications are submitted to the CCAO office.
Non-Homestead Exemption Applications
PTAX-300-R Religious Organization
