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Senior
Homestead Exemption - Eligibility and Application Process
(35 ILCS 200/15-170) |
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| To Qualify: |
1) Property must be owner-occupied by senior citizen during the year or unoccupied but owned by a senior
citizen who has moved into a nursing home during the year
2) Must be 65 years or older during the assessment year
3) Property must be a residential single family home, town home, or condominium
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| Documents Needed: |
a) Recorded Property Deed or Title Insurance Policy
b) If property is in trust, Trust Declaration or Trust Agreement and signature page
c) Proof of Age: Driver’s License or State I.D. or Passport or Birth Certificate or Baptismal Certificate
showing DOB
d) Exemption application signed by senior citizen and notarized by a notary public
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| Process: |
Call our office to make an appointment to bring the required documents into our Assessor’s Office. We will photocopy all documents and return the originals to you. We will ask you to sign the Senior Exemption application and will notarize your signature. FILING DEADLINE IS DECEMBER 31st. Every year thereafter, you will automatically receive a renewal card which
you must sign and return to the County so that you will retain this exemption. |
| Effect: |
The Senior Homestead Exemption provides an annual exemption off the total assessed value as follows:
Up to $3,500 for 2007
Up to $4,000 for 2008
The exemption amount will be pro-rated if the senior moves into the home during the year. This translates into an approximate tax savings of between $175.00 and $300.00 depending upon the local tax rates.
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| Questions ?: |
Call our Taxpayers Service
Department at 630-529-6927 |
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