Assessment Exemptions

 

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VERY IMPORTANT PLEASE READ!
ALL FIRST TIME APPLICATIONS MUST:
BE NOTARIZED AND ACCOMPANIED BY A PHOTO ID
ORIGINALS MUST BE SUBMITTED.
WE WILL NOT ACCEPT PHOTOCOPIES, FAXES OR EMAIL COPIES.
 
ALL SENIOR ASSESSMENT FREEZES ARE NOW REQUIRED TO BE NOTARIZED EVERY YEAR.

 

WHAT ARE EXEMPTIONS?
Exemptions reduce the Equalized assessed Value (EAV) by a specific amount; the actual tax savings depends on the tax rate for the specific property. However, you must own the property and it must be used as your principle  residence to qualify for any of these exemptions.

GENERAL HOMESTEAD EXEMPTION
Through tax year 2007 (payable in 2008), this exemption lowers the equalized assessed value of your property by $5,000. For tax year 2008 (payable in 2009) this exemption increases to $5,500. For tax year 2009 (payable in 2010), this exemption again increases to $6,000. To receive this exemption, you must:

  • Have lived and owned the property which is your principal residence on or before January 1st of the tax year.

Owner Occupied Application

HOMESTEAD IMPROVEMENT EXEMPTION
This exemption defers for four years any increase in the assessment of your property due to an addition or other improvement to your home for which the township assessor would add value.

  • A maximum of $25,000 of assessed value may be deferred under this program.
  • The property has to be the taxpayer’s principal residence.

SENIOR HOMESTEAD EXEMPTION
This exemption lowers the equalized assessed value of your property by $3,500 starting in tax year 2006, and may be claimed in addition to the Homestead Limited Exemption. For tax year 2013 (payable in 2014), this exemption increases to $5,000. To receive this exemption, you must:

Have lived on the property which is your principal residence on or before January 1st of the tax year; otherwise, the value may be prorated for the portion of the year that it was owner occupied by a senior citizen.

  • Have reached age 65 during the tax year.
  • Please Note: This exemption must be renewed annually.

Senior Citizen’s Homestead Exemption Renewal Form
PTAX-324 Application for Senior Citizens Homestead Exemption

SENIOR CITIZENS ASSESSMENT FREEZE HOMESTEAD EXEMPTION
This exemption freezes the assessment on your property if your total household income is $65,000 or less. (This exemption may be claimed in addition to those described above. This exemption does not freeze your tax rate; you need to understand that the actual taxes which you pay may continue to increase based upon the amounts levied by the taxing bodies where you reside (school, park, village or city, township, etc.).

  • Have fulfilled a property residency requirement as explained on the application form.
  • Be age 65 or older.
  • Have a maximum household income of $65,000 (increased in 2018 payable 2019).
  • The household income includes that of ALL persons using the property as their principle dwelling place on January 1 of the tax year.

Please Note: This exemption must be renewed annually.
PTAX-340 Senior Citizens Assessment Freeze Homestead Exemption Application Affidavit

DISABLED PERSONS’ HOMESTEAD EXEMPTION
This exemption lowers the equalized assessed value of your property by $2000 starting in tax year 2007, and may be claimed in addition to the Homestead Limited Exemption and the Senior Citizen’s Homestead Exemptions, if applicable. This exemption cannot be claimed in addition to the Disabled Veterans’ Standard Homestead Exemption or the Disabled Veterans’ Exemption of $70,000; you can only receive one of these exemptions and , if you are a veteran, you should choose to apply for the one most beneficial to you. To receive this exemption, you must:

  • Have lived on the property on or before January 1st of the tax year; own or have a legal or equitable interest and be liable for the payment of the property taxes.
  • Be disabled or become disabled during the assessment year under the Federal Social Security Act.
  • Supply a copy of your Illinois Disabled Person Identification Card that you are under a Class 2 disability (for each year you qualify) or Social Security Administration disability benefits, Veterans Administration disability benefits, Railroad or Civil Service disability benefits or the Form PTAX-343A Physicians Statement.

Please Note:  This exemption must be renewed annually.
PTAX-343 Application For Disabled Persons’ Homestead Exemption
PTAX-343-R Annual Verification of Eligibility For Disabled Persons’ Homestead Exemption

DISABLED VETERANS’ STANDARD HOMESTEAD EXEMPTION

This exemption started in tax year 2007 and starting the 2015 assessment year (payable 2016) lowers the equalized assessed value of your property $2,500 if your disability is service-connected and you are at least 30-49% disabled; $5,000 if you are at least 50-69% disabled and up to $250,000 EAV (equalized assessed value on the residential portion only) if you are at least 70-100% disabled.

This exemption may be claimed in addition to the General Homestead Limited Exemption and the Senior Citizen’s Homestead Exemptions, if applicable; however, it cannot be claimed in addition to the Disabled Veterans’ Exemption of $70,000, or the Disabled Persons’ Homestead Exemption. To receive this exemption, you must:

  • Be a LaSalle County, Illinois resident and have served in the United States Armed Forces, The Illinois National Guard, or Reserve Forces, and have received an honorable discharge.
  • Have lived on the property on or before January 1st of the tax year; own or have a legal or equitable interest and be liable for the payment of the property taxes.
  • Supply a copy of your Award Letter for the assessment year in which you are applying.
  • Supply a certified copy of your DD214 or separation papers for service prior to 1950.
  • We are awaiting clarification on this from the Illinois Department of Revenue. If an annual renewal is required, the Chief County Assessment Office will mail applications each year to all disabled persons who received the exemption in the prior year.
  • Note that this exemption is limited to residential property with an equalized assessed value of less than $250,000.

Please Note:  This exemption must be renewed annually.
PTAX-342 Application For Disabled Veterans’ Standard Homestead Exemption (DVSHE)
PTAX-342-R Annual Verification of Eligibility For Disabled Veterans’ Standard Homestead Exemption (DVSHE)

RETURNING VETERANS’ HOMESTEAD EXEMPTION

This exemption started in tax year 2007 and lowers the equalized assessed value of your property by $5,000 for each new tax year you return from active duty in an armed conflict. It is a two-year exemption, and can be claimed in addition to the General Homestead Limited Exemption and any applicable Senior Citizen’s Exemptions. To receive this exemption, you must:

  • Have lived on the property on or before January 1st of the tax year; own or have a legal or equitable interest and be liable for the payment of the property taxes.
  • Supply your original DD214, or a certified copy.  If you are still on active duty supply form DD220 or a copy of your military orders and travel vouchers.

PTAX-341 Application For Returning Veterans’ Homestead Exemption

SENIOR CITIZENS REAL ESTATE TAX DEFERRAL PROGRAM

This program is designed to allow senior citizens to defer payment or part or all of the property taxes on their home.  (This is a type of reverse mortgage)

This must be done through County Treasurer’s Office.
Senior Citizens Tax Deferral Program

REQUEST FOR DUPLICATE DELINQUENT PROPERTY TAX NOTICE
Request for Duplicate Delinquent Property Tax Notice