Get Tax Exempt Form Illinois

The purpose of this Act is to provide incentives to senior citizens and persons with disabilities in this State to acquire and retain private housing of their choice and at the same time to relieve those citizens from the burdens of extraordinary property taxes against their increasingly restricted earning power, and ...

Veterans or surviving spouses of veterans with a service-connected disability of 70% or more will be exempt from paying property taxes on their primary residences (100% reduction in EAV).

Taxpayers whose primary residence is a single-family home, townhouse, condominium, co-op or apartment building (up to six units) are eligible. First-time applicants must have been the occupants of the property as of January 1 of the tax year in question.

Senior Citizens Real Estate Tax Deferral Program allows persons 65 years of age and older, who have a total household income of less than $55,000 and meet certain other qualifications, to defer all or part of the real estate taxes and special assessments on their principal residences.

The Homestead Improvement Exemption may be granted automatically or a Form PTAX-323, Application for Homestead Improvement Exemption may be required by the Chief County Assessment Office. In Cook County, an application must be filed with the County Assessor along with a valuation complaint.

Disability tax credit If you are permanently and totally disabled and have taxable disability income, you may qualify for the federal Tax Credit for the Elderly and Disabled.

A Person with Disabilities Exemption is for persons with disabilities and provides an annual $2,000 reduction in the equalized assessed value (EAV) of the property.

Who is eligible? The low-income senior citizens assessment freeze homestead exemption qualifications for the 2023 tax year (for the property taxes you will pay in 2024), are listed below. You will be 65 or older during 2023. Your total household income in 2022 was $65,000 or less.