Senior Citizens Homestead Exemption

Illinois

2017

No Variation in Receipt of Benefits

Exemption

This program exempts up to $8,000 of equalized assessed value from property taxes in counties with 3,000,000 or more residents. The benefit is $5,000 in all other counties.

Exemption from assessed value

Residential

Only residential property is eligible for this program. Single family residences or apartments are eligible for this benefit.

Age

Homeowner

Eligible individuals must occupy the property as their principal residence and be liable for the property tax burden. The applicant must have an ownership interest in the property through outright ownership or a lease. Applicants must be 65 or older. A stay in a nursing home or similar care facility does not affect eligibility if the property is still occupied by the applicant's spouse or the property remains unoccupied but still owned by the claimant.

Local government is unable to exercise an option

Local option regarding program features

Local government covers all of its tax loss

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

IL108_RR17