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The senior citizens assessment freeze homestead exemption qualifications for the 2020 tax year (for the property taxes you will pay in 2021), are listed below.
The Low-Income Senior Citizens Assessment Freeze Homestead Exemption (35 ILCS 200/15-172) allows you, as a qualified senior citizen, to have your home’s equalized assessed value (EAV) “frozen”
If you are eligible for the Low-Income Senior Citizen Assessment Freeze Homestead Exemption, you should file this form with the County Assessment Office by July 1, 2024. You must file an application every year to continue to receive this exemption. The eligibility requirements listed under “Who is eligible?” must be met each year.
What is the Senior Citizens Assessment Freeze Homestead Exemption ("Senior Freeze")? (35 ILCS 200/15-172) allows you, as a qualified senior citizen, to have your home’s equalized assessed value (EAV) “frozen” at a base year value and prevent or limit any increase due to inflation.
What is the Senior Citizens Assessment Freeze Homestead Exemption (SCAFHE)? The Senior Citizens Assessment Freeze Homestead Exemption (35 ILCS 200/15-172) allows you, as a qualified senior citizen, to have your home’s equalized assessed value (EAV) “frozen” at a base year value and prevent or limit any increase due to inflation.
on the type of income tax forms filed. As a reminder, all household members must be included. For the purpose of this guide we will be using a 1040-SR. Some applicants may require additional income documents, such as form 8829, 1099R, 1040 Schedule 1, C, D, E, F, and any additional state-ments referenced on those documents.
The Senior Citizens Assessment Freeze Homestead Exemption (35 ILCS 200/15-172) allows you, as a qualified senior citizen, to have your home’s equalized assessed value (EAV) “frozen” at a base year value and prevent or limit any increase due to inflation. The base year generally is the year before the year you first qualify