State
Illinois
Year
2010
Variations in Receipt of Benefit
No Variation in Receipt of Benefits
Benefit Type
Credit
Benefit
A city, village, or incorporated town can refund any part of real property taxes it levies and collects in residential real property.
How is Benefit Disbursed
Direct payment to taxpayer
Eligible Property Type
Residential
Characteristics of Eligible Property
Only residential property is eligible for this program.
Eligibility Criteria
Age
Homeowner
Principal Residence
Description of Eligibility Criteria
An eligible individual must be 65 years or older, be the owner of the property that must be a principal residence, and occupy the dwelling for more than 6 months. If more than one person owns the property, at least one owner must be 65 or older, and no other co-owner can be under 60.
Local Option in Adoption of Program
Local government must take action to opt in
Local Option Regarding Program Features
Local option regarding program features
State Funding for Local Tax Loss
Local government covers all of its tax loss
Description of State Funding for Tax Loss
State statutes do not provide for state funding for local tax loss.
Record ID
IL106_RR10