Residential Exemption
Illinois statutes provide for an exemption of up to $6,000 in equalized assessed valuation on homes where the occupant is the person legally responsible for the payment of the real estate tax bill. For the 2023 tax year, payable 2024, the maximum deduction will increase to $8,000. This exemption is typically granted automatically by the Assessor's Office, however, it is advisable that new homeowners contact the Assessor's Office upon moving into a residence to verify that the exemption has been, or will be granted.
Homestead Improvement Exemption
This four-year exemption reduces the assessed value of an existing, owner-occupied home up to $25,000 ($75,000 market value) when the assessment has increased due to a new improvement to the property. This exemption is granted automatically upon the initial assessment of the new improvement.
Senior Citizens
Homestead Exemption
The Senior Citizens Homestead Exemption reduces the equalized assessed value by $5,000. For the 2023 tax year, payable 2024, the maximum exemption will increase to $8,000. The exemption is available when the owner-occupant reaches the age of 65 during the assessment year, and was the owner of the property on January 1st of the assessment year. Upon turning 65, the owner may apply for the exemption at the Assessor's Office. Applicants are required to provide proof of age (driver's license or birth certificate) and proof of ownership (deed or title policy).
Senior Citizens Assessment Freeze Homestead Exemption
This exemption freezes the assessed value of a property at a base year level, the first year the exemption is received. As property values increase, the exemption amount increases. This exemption does not protect against tax rate increases.
The Assessment Freeze Exemption is available when an owner-occupant is 65 or older, with a total household income, before deductions, of $65,000 or below, who owned and occupied the property as of January 1st of the assessment year, and on January 1st of the prior assessment year.
Applications for this exemption are available each year in April, and the deadline to apply for the exemption is October 1st.
Applicants are eligible to claim only one of the following exemptions available to disabled individuals:
Disabled Veterans' Standard Homestead Exemption
This exemption is available to disabled veterans (or their surviving, unmarried spouses). The veteran must be at least 30% disabled, as certified by the U.S. Department of Veterans' Affairs. The market value of the applicant's property must not be more than $750,000.
This exemption provides an annual exemption of a maximum of $250,000 off the assessed value if applicant's level of disability is 70% or greater. If the level of disability is 50% to 69%, the exemption is $5,000 off the total assessed value. The exemption subtracts $2,500 off the assessed value if the level of disability is 30% to 49%.
The applicant must file form PTAX-342 annually by October 1st, at the DuPage County Supervisor of Assessments' Office. For more information call the Supervisor of Assessments' Office at 630-407-5858.
Disabled Veterans' Exemption, (for Adaptive Housing)
This exemption is available to disabled veterans who have served in the Armed Forces of the United States (or their surviving, unmarried spouses). The veteran must have acquired, in connection with that service a disability of such a nature that the Federal Government has authorized payment for purchase or construction of specially adapted housing as set forth in the U.S. CODE TITLE 38, Chapter 21.
This exemption will be granted by the DuPage County Supervisor of Assessments upon notification by the Illinois Department of Veterans' Affairs.
This exemption provides for an annual deduction of up to $70,000 from the assessed value of the property. For more information contact the Supervisor of Assessments' Office at 630-407-5858.
Disabled Persons' Homestead Exemption
This exemption is available to property owners who are disabled or become disabled during the assessment year. Applicant must have occupied the property as of January 1st of the assessment year and be liable for payment of property taxes.
This exemption provides for an annual deduction of $2,000 from the assessed value. The applicant must file form PTAX-343 annually by October 1st, at the DuPage County Supervisor of Assessments' Office. For more information call the Supervisor of Assessments' Office at 630-407-5858.
Other Tax Savings Programs Available to Senior Citizens
Senior Citizens Tax Deferral
This program is available to owner-occupants who are 65 or older by June 1st of the year the application is made, with an annual household income under $50,000. This program is a form of loan in which the State of Illinois pays all or part of the real estate taxes, to be repaid with 6% annual interest at the time of the sale of the property, or upon the property-owner's death. Applications must be made with the DuPage County Treasurer's Office by March 1st of each year for the taxes due that year. Please call the County Treasurer at 630-407-5900.
Circuit Breaker
Effective July 1, 2012, Illinois Cares Rx was terminated and the Circuit Breaker Property Tax Relief Grant was eliminated due to the lack of funding.
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