Search results
320 ILCS 30/1, et seq., allows qualified senior citizens to elect to defer all or part of the property taxes and special assessments on their principal residences.
Each year applicants must file a Form PTAX-340, Low-income Senior Citizens Assessment Freeze Homestead Exemption Application and Affidavit, with the Chief County Assessment Office.
The Senior Citizens Real Estate Tax Deferral Program provides tax relief for qualified senior citizens by allowing them to defer all or part of their property tax and special assessment payments on their principal
The senior citizens assessment freeze homestead exemption qualifications for the 2022 tax year (for the property taxes you will pay in 2023), are listed below. • You will be 65 or older during 2022. • Your total household income in 2021 was $65,000 or less. • On January 1, 2021, and January 1, 2022, you
For 2022, pay 2023 tax year eligibility, the senior taxpayer must complete an application showing 2021 household income. You may obtain an application by contacting our office at (630) 407-5858 or you may download the form directly from our ' Forms and Documents ' webpage.
(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 and apply for the exemption.
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
