Taxpayers whose single-family home, townhouse, condominium, co-op or apartment building (up to six units) is their primary residence can save a certain dollar amount per year, depending on local tax rates and assessment increases. First-time applicants must have been the occupant of the property as of January 1 of the tax year in question.
Senior Citizen Exemption
The Senior Citizen Exemption provides tax relief by reducing the equalized valuation of an eligible residence. This savings is in the form of a deduction on the second-installment of the real estate tax bill.
- Must be 65 years of age or older
- Must either own the property or have a lease or contract which make the applicant responsible for the real estate taxes
- The property must be in the applicant's principal residence
Senior Freeze Exemption
The Senior Freeze Exemption allows qualified senior citizens to apply for a freeze of the equalized assessed value (EAV) of their properties for the preceding year in which the applicant first qualifies and applies for this exemption. Those who qualify and receive this exemption should be aware that this does not automatically freeze the amount of their tax bill. Only the EAV remains the fixed amount. The amount of dollars that the taxing districts as for in the form of a levy may change and thus alter a tax bill.
- be 65 years of age or older in the taxable year
- meet a household income limit (contact the Assessors Office for the yearly amounts)
- Own the property, or have a legal, equitable or leasehold interest in the property within a certain time frame
- Be liable for the property tax payments in the current and previous year
- Use the property as a principal residence within a certain time frame
Returning Veteran Exemption
Veterans returning from active duty in armed conflict are eligible to recieve a dollar amount reduction in the equalized assessed value (EAV) of their property on for each taxable year in which they return.
- Be an Illinois resident who has served as a member of the U.S. Armed Forces, Illinois National Guard or U.S. Reserve Forces
- Be returning from active duty in an armed conflict involving the armed forces of the U.S.
- Owned or had a legal or equitable interest in the property and used it as a principal place of residence during a certain time frame
- Be liable for the payment of property taxes
Disabled Veteran Exemption
Veterans with a service connected disability as certified by the U.S. Department of Veterans' Affairs, are eligible for this annual exemption.
- Be an Illinois resident who has served as a member of the U.S. Armed Forces on active duty or on active duty in the state of Illinois, Illinois National Guard or U.S.Reserve Forces and has been honorably discharged
- Have at least a 50% service-connected disability certifited by the U.S. Department of Veterans Affairs
- Owned and occupied the property as the primary residence during a certain time frame
- Meet other EAV requirements
Disabled Person Exemption
This exemption provides disabled persons with an annual dollar amount reduction in the equalized assessed value (EAV) of the property. This exemption cannot be recieved with the Disabled Veterans' Exemption.
- Be disabled or become disabled during the assessment year
- Own or have a legal or equitable interest in the property, or a leasehold interest of a single-family residence
- Occupy the property as the principal residence during a certain time frame
- be liable for the payment of property taxes