Senior Citizens Homestead Exemption

State

Illinois

Year

2022

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Exemption

Benefit

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.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property, including single-family residences or apartments, is eligible for this program.

Eligibility Criteria

Age

Homeowner

Principal Residence

Description of Eligibility Criteria

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 and 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 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

IL108_RR22

Footnotes

Counties may determine the eligibility of applicants to receive benefits by affidavit, application, visual inspection, questionnaire, or other reasonable methods. Applications that are required by the counties may vary.

Sources

Illinois Compiled Statutes, 35 ILCS § 200/15-170 (in effect for 2022)
Illinois Department of Revenue, Property Tax Relief - Homestead Exemptions, PTELL, and Senior Citizens Real Estate Tax Deferral Program
[https://tax.illinois.gov/localgovernments/property/taxrelief.html Accessed 11/28/2023]
View Archived Source

Illinois Department of Revenue, Property Tax Relief - Homestead Exemptions (2021)
[https://www2.illinois.gov/rev/localgovernments/property/Pages/taxrelief.aspx Accessed 01/18/2022]
View Archived Source

Join Our Mailing List

Back to top