The senior citizens homestead exemption (35 ILCS 200/15-170) provides for an annual $5,000 reduction in the equalized assessed value... More… The senior citizens homestead exemption (35 ILCS 200/15-170) provides for an annual $5,000 reduction in the equalized assessed value of the property that you • own or have a leasehold interest in, • occupy as your principal residence during the assessment year, and • are liable for the payment of property taxes. Note: You may receive a pro-rata senior citizens homestead exemption if property is first occupied as your principal residence after January 1 of any assessment year.Less…
To continue to receive the Standard Homestead Exemption for Veterans with Disabilities (SHEVD), you must file Form PTAX-342-R each year... More… To continue to receive the Standard Homestead Exemption for Veterans with Disabilities (SHEVD), you must file Form PTAX-342-R each year with your Chief County Assessment Officer (CCAO). Failure to do so may result in the termination of the exemption. Your service-connected disability must be certified by the U.S. Department of Veterans’ Affairs. Note: Only an un-remarried, surviving spouse of a veteran killed in the line of duty, or a veteran with a disability who previously received the SHEVD can continue to receive the SHEVD provided the spouse has legal or beneficial title to the residential property. A surviving spouse that remarries no longer qualifies for the SHEVD. Less…
To continue to receive the HEPD, you must file Form PTAX-343-R each year with your Chief County Assessment Officer (CCAO) by your ... More… To continue to receive the HEPD, you must file Form PTAX-343-R each year with your Chief County Assessment Officer (CCAO) by your county’s due date. Failure to do so may result in the termination of the exemption.Less…
