Senior Citizen Assessment Freeze Homestead Exemption





Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Assessment Freeze


This exemption allows senior citizens to maintain the equalized assessed value (EAV) of their homes at the base year EAV and prevent any increase in that value due to inflation. In counties of 3 million or more, the amount of the exemption for all taxable years is the equalized assessed value in that taxable year minus the base amount.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type


Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria



Income Ceiling

Surviving Spouse

Description of Eligibility Criteria

Eligible individuals must own their home or have a legal or equitable ownership interest in the property as lessee, they must be 65 years of age or older and make no more than $55,000 in income. A surviving spouse need not be 65 years or older who otherwise meets everything else for the taxable year preceding and the taxable year of death.

Local Option in Adoption of Program

Local government is unable to exercise an option

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

No reimbursement by the State is required for the implementation of any part of this program.

Record ID




35 Ill. Comp. Stat. § 200/15-172 (in effect for 2014)
Illinois Department of Revenue, Property Tax Relief - Homestead Exemptions [ Accessed on 05/28/2015] View Archived Source

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