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Step 1: Complete the following information 1 Property owner’s name Street address of homestead property City State ZIP Daytime phone Send notice to (if different than above) 2 Name Mailing address City State ZIP Daytime phone 3 Write the assessment year for which you are filing this form. 4 On January 1, were you liable for the payment of real estate taxes on this property? Yes No 5 Check your type of residence. Single-family dwelling Duplex Townhouse Condominium Other PTAX-342 Application for Disabled Veterans’ Standard Homestead Exemption (DVSHE) Step 2: Complete the disabled veterans’ eligibility information IL Month Day Year Year 6 Write the property index number (PIN) of the property for which you are requesting the DVSHE. Your PIN is listed on your property tax bill or you may obtain it from the Chief County Assessment Officer (CCAO). a PIN b Write the legal description only if you are unable to obtain your PIN. (Attach a separate sheet if needed.) 7 On January 1, did you occupy this property as your principal residence? Yes No 8 On January 1, was any portion of the property used for commercial purposes or rented to another person or entity for more than 6 months? Yes No 9 On January 1, were you a resident of a facility licensed under the Nursing Home Care Act or operated by the U.S. Department of Veterans’ Affairs? Yes No If “Yes,” complete Lines a through c. a Write the name and address of the facility. b Was your property occupied by your spouse? Yes No c Did your property remain unoccupied? Yes No 12 Are you a veteran or the un-remarried surviving spouse of a veteran with a service-connected disability as certified by the U.S. Department of Veterans’ Affairs? Yes No Note: You must provide documentation. See “Do I need to provide documentation?” on the back of this form. Month Day Year IL Step 3: Complete the following information 13 If you are the surviving spouse, were you remarried as of January 1? Yes No 14 If you are claiming the DVSHE on this property for the first time, check the type of documentation you are attaching as proof that you have a legal or beneficial title to the property. Deed Contract for deed Trust agreement Other written instrument Lease a Write the date the written instrument was executed. b If the instrument is recorded, complete the information below. Recorded document number Date document recorded Step 4: Sign below I state that to the best of my knowledge, the information on this application is true, correct, and complete. Property owner’s or authorized representative’s signature Month Day Year 15 If you are the surviving spouse, are you claiming this exemption on your new primary residence for the first time? Yes No If “Yes,” complete Lines a through c. a Deceased disabled veteran’s name Date of death b Did you sell your spouse’s homestead property that received the DVSHE? Yes No c Identify the disabled veteran’s homestead property. You can obtain this information from the property tax bill or CCAO. Property owner’s name Street address of homestead property City State ZIP PIN - - - - If needed, attach a legal description of the property. PTAX-342 (R-11/11) IL-492-4535 10 Are you an Illinois resident? Yes No 11 Are you a veteran or the un-remarried surviving spouse of a disabled veteran who served as a member of the U.S. Armed Forces on active duty or state active duty, Illinois National Guard, or U.S. Reserve Forces? Yes No Use your mouse or Tab key to move through the fields. ---PAGE BREAK--- Form PTAX-342 General Information What is the Disabled Veterans’ Standard Homestead Exemption (DVSHE)? The Disabled Veterans’ Standard Homestead Exemption (35 ILCS 200/15-169) provides an annual reduction in the equalized assessed value (EAV) of a primary residence occupied by a disabled veteran on January 1 of the assessment year. The DVSHE amount depends on the percentage of the service-connected disability as certified by the U.S. Department of Veterans’ Affairs. A disabled veteran with at least a 70% service-connected disability will receive a $5,000 reduc tion in property’s EAV. A disabled veteran with at least 50%, but less than 70% service-connected disability, will receive a $2,500 reduction in property’s EAV. Who is eligible? To qualify for the DVSHE, the disabled veteran must l be an Illinois resident who served as a member of the U.S. Armed Forces on active duty or state active duty, Illinois National Guard, or U.S. Reserve Forces, and not dishonorably discharged. l have at least a 50% service-connected disability certified by the U.S. Department of Veterans’ Affairs; and l own and occupy the property as the primary residence on January 1 of the assessment year or lease and occupy a single family residence on January 1 of the assessment year and be liable for the payment of the property taxes to the county. Note: The property’s total EAV must be less than $250,000 after subtracting any portion used for commercial purposes. “Commercial purposes” include any portion of the property rented for more than 6 months. If you previously received the DVSHE and now reside in a facility licensed under the Nursing Home Care Act or operated by the U.S. Department of Veterans’ Affairs, you are still eligible to receive the DVSHE provided your property l is occupied by your spouse; or l remains unoccupied during the assessment year. Is a surviving spouse eligible? An un-remarried surviving spouse of a disabled veteran can contin ue to receive the DVSHE on his or her spouse’s primary residence or transfer the DVSHE to another primary residence after the disabled veteran’s original primary residence is sold, provided the DVSHE had previously been granted to the disabled veteran. An un-remarried surviving spouse must occupy and hold legal or beneficial title to the primary residence on January 1 of the assess ment year. Do I need to provide documentation? Your Chief County Assessment Officer (CCAO) will require docu mentation to verify your eligibility for the DVSHE. You must provide a disability award or verification letter from the U.S. Department of Veterans’ Affairs for the current assessment year and one of the fol lowing documents that is the original or a copy certified by the county recorder, recorder of deeds, Illinois Department of Veterans’ Affairs, or the National Archives Record Center. l Form DD 214 or separation of service from the War Department (military service prior to 1950); or l Certification of Military Service Form. You can call the U.S. Department of Veterans’ Affairs at 1 [PHONE REDACTED] (options 1, 1, and 0) to request a verification letter that specifies your “service-connected disability rating.” Any other rating is not valid. An un-remarried surviving spouse of a disabled veteran applying for the first time or transferring the DVSHE to a new primary residence must also provide the disabled veteran’s marriage and death certifi cates and proof of ownership. When will I receive my exemption? The year you apply for the DVSHE is referred to as the assessment year. The county board of review, while in session for the assessment year, has the final authority to grant your DVSHE. If granted, your DVSHE will be applied to the property tax bill paid the year following the assessment year. When and where do I file my Form PTAX-342? You (including an un-remarried surviving spouse applying for the first time or for a new primary residence) should file your Form PTAX-342 with your CCAO by the due date to receive this exemption. Contact your CCAO at the address and phone number below for assistance and filing information with your county. Note: To continue receiving the DVSHE on your residence, you must file Form PTAX-342-R, Annual Verification of Eligibility for Disabled Veterans’ Standard Homestead Exemption, each year with your CCAO. County, CCAO Mailing address IL City ZIP If you have any questions, call Are there other homestead exemptions available for disabled persons or disabled veterans? Yes. However, only one of the following disabled homestead exemp tions may be claimed on your property for a single assessment year: l Disabled Veterans’ Homestead Exemption l Disabled Persons’ Homestead Exemption l Disabled Veterans’ Standard Homestead Exemption Official use. Do not write in this space. Date received: Board of review action date: Verify proof of eligibility Approved Denied Exemption amount $2,500 $5,000 Reason for Assessment information Comments: EAV of improvements EAV of land Total EAV of improvement/land EAV commercial/rented property Total EAV minus commercial/rented EAV PTAX-342 (R-11/11) Note: An EAV of $250,000 or more, excluding commercial property or portion of the property rented for more than 6 months, does not qualify for DVSHE. For tax years 2007, 2008, and 2009, a $5,000 exemption required at least a 75% service-connected disability and a $2,500 ex emption required a 50% - 74% service-connected disability. McLean 115 E Washington Room 101 PO Box 2400 Bloomington 61701 [PHONE REDACTED] Reset Print