Disabled Veterans Standard Homestead Exemption - Eligibility and Application Process
(35 ILCS 200/15-169) |
 |
|
| To Qualify: |
1) Property must be owner-occupied by the disabled veteran or the surviving unmarried spouse of the
disabled veteran as of January 1st of eligibility year, and the property market value must not be
more than $750,000
2) Must be an Illinois resident who is a veteran with at least a 50% service-connected disability as
certified by U.S. Department of Veterans Affairs
3) Property must be a residential single family home, town home, or condominium
4) You will not be eligible if you are claiming exemption under the Disabled Persons Homestead
Exemption or the Disabled Veterans Exemption
|
| Documents Needed: |
1) One of the following: Form DD214 or a copy or Certification of Military Service Form
2) Disability Certification Letter from the U.S. Department of Veterans Affairs for current assessment year
3) Surviving spouse will need to provide the disabled veteran’s marriage and death certificates and proof of
ownership
4) Proof of ownership of home (deed, title policy, etc.)
5) Application form PTAX-342 fully completed
|
| Process: |
File all documents with County Supervisors of Assessments Office. The application form may be obtained from that office.
FILING DEADLINE IS OCTOBER 1ST
|
| Effect: |
The Disabled Veterans Standard Homestead Exemption provides and annual exemption of:
$5,000 off the total assessed value – if disability is 75% or more
$2,500 off the total assessed value – if disability is 50% to 74%
This translates into an approximate annual tax savings from $115 to $428 depending upon the local tax rates.
|
| Questions ?: |
Call the DuPage County Supervisor of Assessments Office at 630-407-5858 |
|
|
|
