Available Property Tax Relief
In all cases, these exemptions apply only to the taxpayer’s principal residence. The taxpayer must own and live in the property and be responsible for the payment of taxes. Call the Supervisor of Assessments office at (618) 576-9700 ext 1 for further details.
General Homestead Exemption: A reduction of up to $6,000 off the assessed value of the residence.
Home Improvement Exemption: This exemption reduces the increase in assessed value attributed to a new improvement, for a four year period. There is a maximum of $25,000 assessed value exempted.
Senior Citizen Homestead Exemption: A reduction of $5,000 off the assessed value of the residence for homeowners age 65 or older applies to the year in which the owner of record turns 65.
Senior Citizen Assessment Freeze Homestead Exemption: this exemption will “freeze” the assessed value of the residence at a certain value (the year prior to the first year they apply). There is an income limit of $65,000, must be age 65 or older, and require an application be filed by July 1st every year.
Senior Citizen Real Estate Tax Deferral: this act permits the deferral of real estate taxes on the residence. The deferred taxes then become a lien on the property to be painful when the property is eventually sold. Age requirement is 65 or over, income limit is $25,000. Owner must apply by March 1st every year with the County Treasurer.
Disabled Veteran Exemption: Disabled veterans may apply through the Illinois Department of Veterans Affairs. Exempts up to $100,000, assessed value of the residence.
Returning Veterans’ Homestead Exemption: this exemption provides a 2 year $5,000 reduction in a property’s equalized assessed value (EAV) to qualifying veterans who return from active duty in an armed conflict involving the armed forces of the United States. A veteran must file an application upon returning home.
Disable Persons’ Homestead Exemption: This exemption provides a $2,000 reduction in a property’s EAV to a qualifying property owned by a disabled person. Must file an annual application.
Disabled Veteran’s Standard Homestead Exemption: This exemption provides a reduction in a property’s EAV to a qualifying property owned by a disabled person. Must file an annual application.
Disabled Veteran’s Standard Homestead Exemption: This exemption provides a reduction in a property’s EAV to a qualifying property owned by a veteran with a services connected disability certified by the U.S. Department of Veteran’s Affairs. This exemption is determined by the percentage of disability. Must file an annual application.