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Exemption Forms & Information


Exemption Forms

General Homestead Exemption

Rental/Owner Occupancy Exemption

Senior Citizen Homestead Exemtpion

Senior Citizen Assessment Freeze Homestead Exemption

Homestead Exemption for Persons with Disablitites

Standard Homestead Exemption for Veterans with Disabilities

 

 

Exemption Information

General Homestead Exemption

  • Requires an initial application, rentals need annual renewal

  • Requires January 1st ownership & occupancy

  • Based on the increase above the 1977 EAV up to $6,000, whichever is less

  • Amounts to approximate savings of up to $906 in Rockford for 2017 taxes, payable in 2018

  • Can be granted to single family rentals if the tenant is liable for the taxes

Senior Citizen Homestead Exemption

  • Application may be made any time in the year owner turns 65 years old

  • Reduces the taxable value by $5,000

  • Amounts to approximate savings of $755 in Rockford for 2017 taxes, payable in 2018

  • Automatically renews provided senior still owns and occupies residence.

Senior Citizen Assessment Freeze Homestead Exemption

  • Requires January 1st occupancy for the year of application and the prior year

    (ex: must have lived in home 1-1-18 and 1-1-19 for 2019 application)

  • Requires the total household gross income of $65,000 or less

  • Requires annual renewal application

  • Establishes "Base Year" and "Base Value" from first year of eligibility and reduces EAV by the difference between current assessment and "Base Value". No limit on Reduction. Only applies to owner occupied residences.

Homestead Improvement Exemption

  • Single Family owner occupied homes only

  • 4 year exemption of an increase in assessment due to a new improvement to an existing home. Assessors report eligible amounts.

  • Exempts up to $25,000 in EAV increase

Homestead Exemption for Persons with Disabilities

  • Initial application requires proof of total disability. (i.e. a Physician's Statement, a Social Security Award Letter, or an Illinois Persons with Disability ID Card)

  • Annual renewals are sent to properties currently receiving exemption

  • Owner occupied homes only

  • Reduces the EAV by $2,000

Standard Homestead Exemption for Veterans with Disabilities

  • Disability must be a result of armed service

  • Initial application requires proof and percentage of disability. (i.e. award letter from VA and DD 214 form)

  • Annual renewals are sent to properties currently receiving exemption

  • Owner occupied homes only

  • If disability level is from 30% to 49% the reduction is $2,500 EAV

  • If disability level is from 50% to 69% the reduction is $5,000 EAV

  • If disability level is from 70% to 100% the property is exempt from property taxes

  • Can be granted to "un-remarried surviving spouses"

Returning Veterans' Homestead Exemption

  • A 2 year, $5,000 per year, EAV reduction for the first and second year the veteran or spouse owned the home after the veteran returns from active duty in an armed conflict

Veterans with Disabilities Exemption for Specially-Adapted Housing

  • Applies to housing specially adapted for the veteran's disability

  • Eligibility is certified annually by the Illinois Department of Veterans Affairs

  • Adaptation needs to have been paid for with Federal funds

  • Can be granted to "unmarried surviving spouses"

  • Exempts up to $100,000 EAV

Non-homestead Exemptions for Religious, Charitable, or Educational Organizations

  • Properties of religious, charitable, educational organizations, and units of federal, state & local governments are eligible for exemption from property taxes to the extent provided by law

  • The Board of Review reviews the application and forwards it to the Illinois Department of Revenue for the final administrative decision

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