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McLean County Property Tax Relief - Homestead Exemptions Income Age General Homestead Automatic; no CCAO1 Before Board of N/A N/A Exemption on owner-occupied residence in an amount equal Exemption (GHE) applicaton required. Review adjourns. to the difference between current EAV and 1977 EAV up to a (35 ILCS 200/15-175) $6,000 maximum. One exemption per parcel except for cooperatives and life care facilities. May prorate for new construction from the time it is owner-occupied. Check with Exemption Specialist. May not have on any other property in any jurisdiction. Reduces property tax by approximately $500. Disabled Persons Form PTAX-343 CCAO1 Before Board of N/A N/A Provides an annual $2,000 reduction in the EAV of the property Homestead Exemption initial application; Review adjourns. owned and occupied as the primary residence on January 1 of the (DPHE) Form PTAX-343-R assessment year by a person with a disability who is liable for the (35 ILCS 200/15-168) Annual Verification payment of property taxes. A person that becomes disabled of Eligibility must during the assessment year qualifies for the exemption. A disabled be filed each year person must provide proof of disability, either a Class 2 or Class thereafter. 2A IL Disabled Person ID Card, documentation of disability benefits from Social Security Administration, Veterans Administration, Railroad, or Civil Service, or Form PTAX-343-A Physicians Statement. A property cannot receive this exemption with the DVHE or DVSHE for a single tax year. Reduces property tax by approximately $150. Disabled Veterans Form RLG-52A IL Dept of By Sept. 15 prior N/A N/A Reduction up to $100,000 in assessed value of the property. Disabled Homestead Exemption File annually. Veterans' to the tax year. veterans, their spouses, or unmarried surviving spouses must own and (DVHE) Affiars CCAO will exclusively us specially adapted housing (as defined by federal law) as (35 ILCS 200/15-165) 217-782- receive verification their primary residence on Jan. 1 of the assessment year. A disabled (35 ILCS 515/7.5) 3421 from IDOR. veteran means a person who has served in the Armed Forces of the United States and whose disability is rated as 100% service connected by the Veterans Administration. A property cannot receive this exemption with the DPHE or DVSHE for a singe tax year. Mobile Home Local Services Tax Exemptions is also available on a mobile home owned and used exclusively by a disabled veteran or their spouse. Description Requirements Property Tax Relief Application Requirements File With Filing Deadline Rev 7/20/2022 ---PAGE BREAK--- McLean County Property Tax Relief - Homestead Exemptions Income Age Description Requirements Property Tax Relief Application Requirements File With Filing Deadline Returning Veterans Form PTAX-341 CCAO1 Before Board of N/A N/A Provides a one-time $5,000 reduction in the EAV of a veteran's Homestead Exemption each year veteran Review adjourns. principal residence for two consectutive assessment (tax) years; the tax (RVHE) returns home from year and the following year that the veteran returns from active duty in (35 ILCS 200/15-169) an armed conflict an armed conflict involving the armed forces of the United States. involving the US The veteran must own and occupy the property as his or her principal residence on January 1 of each assessment year. A veteran who acquires a principal residence after January 1 of the year he or she returns home is eligible for the REVH on the principal residence owned and occupied on January 1 of the next tax year. Copy of DD214 or DD220 required. Reduces property tax by approximately $400 each year. Disabled Veterans Form PTAX-342 CCAO1 Before Board of N/A N/A Provides an annual reduction in the EAV of a primary residence Standard Homestead initial application' Review adjourns. occupied by a qualified disabled veteran on January 1 of the Exemption (DVSHE) Form PTAX-342-R, assessment year. The disabled veteran must own or lease a single (35 ILCS 200-15-169) Annual Verification family residence and be liable for the payment of property taxes. The of Eligibility must equalized assessed value of the property cannot exceed $250,000. be filed each year The amount of the exemption depends on the percentage of the thereafter. service-connected disability as certified by the US Department of Veterans' Affairs. A disabled veteran with a disability of at least 30% but less than 50% will receive a $2,500 reduction in EAV resulting in a property tax savings of approximately $180. A disabled veteran with a disability of at least 50% but less than 70% will receive a $5,000 reduction in EAV resulting in approximately $400 off of the property tax bill. A disabled veteran with a disability of 70% or more will be exempt from property tax. Each year a revised copy of the benefits letter from the Veterans Administration showing the service connected disability percentage and date it began is required. Surviving spouses must provide copies of death and marriage certificates and the final benefits letter from the Veterans Administration showing the service connected disability percentage. Will be prorated for complete months. Homestead Automatic; no CCAO1 Before Board of N/A N/A Exemption on owner-occupied residence as of January 1 of the Improvement applicaton required. Review adjourns. assessment year that prevents increases in assessed valuaton due to Exemption (HIE) new improvements of the existing structure or its rebuilding following (35 ILCS 200/15-180) a catastrophic event for up to 4 years. Maximum $75,000 ($25,000 assessed valued) in fair cash value of improvements. Rev 7/20/2022 ---PAGE BREAK--- McLean County Property Tax Relief - Homestead Exemptions Income Age Description Requirements Property Tax Relief Application Requirements File With Filing Deadline Senior Citizens Form PTAX-324 CCAO1 Before Board of N/A 652 Provides for an annual $5,000 reduction in EAV of the property that Homestead Exemption Renews automatically Review adjourns. is owned and occupied as the principle residence and for which you (SCHE) each year. are liable for the payment of property taxes. Property tax savings is (35 ILCS 200/15-170) approximately $400. You may receive a prorated senior citizens homestead exemption is the property is first occupied as your principal residence after January 1 of any assessment year. Check with Exemption Specialist. Low-Income Senior Form PTAX-340. CCAO1 July 1 $65,000 652 Exemption on owner-occupied residence that freezes the property's Citicens Assessment File annually. per EAV at a set base year amount to prevent or limit any increase due to Freeze Homestead household inflation. The base year amount is set at the property's EAV for the Exemption (includes prior year the applicant first qualifies for the exemption. The (SCAFHE) spouse and all exemption amount is the difference between the current year's EAV (35 ILCS 200/15-172 persons using and the frozen base year amount (EAV). The frozen base amount at home as their which the EAV is frozen will change when new improvements increase principal residence) the assessed value or when there is a decrease in assessed value that Must have is not due to a temporary irregularity. Owner-occupied Must provide proof of income each year. Acceptable documents exemption include Federal 1040 or a benefit letter showing enrollment in AABD, SNAP, LIHEAP, or Senior Citizens Tax Deferral Progam. Natural Disaster Form PTAX-327. CCAO1 July 1 N/A N/A Exemption on owner-occupied property for a rebuilt residential Homestead Exemption File annually. structure following a natural disaster. The amount of the exemption is (NDHE) the reduction in equalized assessed value of the residence in the first (35 ILCS 200/15-173 taxable year for which the taxpayer applies minus the equalized assessed value of the residence for the taxable year prior to the the year in which the natural disaster occurred. The exemption continues at the same amount until the taxable year in which the property is sold or transferred. The residential structure must be rebuilt within two years after the date of the natural disaster and the square footage of the rebuilt residence may not be more than 110% of the square footage of the original residential structure. A natural disaster is defined as an occurrence of widespread or severe damage or loss of property resulting from any catastrophic cause including, but not limited to, fire, flood, earthquake, wind, storm, or extended period of severe inclement weather. Rev 7/20/2022 ---PAGE BREAK--- McLean County Property Tax Relief - Homestead Exemptions Income Age Description Requirements Property Tax Relief Application Requirements File With Filing Deadline Senior Citizens Real Form IL-1017-TD County Jan 1 - March 1 $50,000 653 Tax deferral of all real estate taxes and special assessment payments Estate Tax Deferral & IL-1018-TD; or Collector of program year. per (up to 80% of equity interest) at 6% simple interest rate on deferred Program Form IL-1017-SA household amount for the personal residence of qualifying seniors until property (320 ILCS 30/1 et seq.) & IL-1018-SA. is sold or becomes unqualified. File annually. 1CCAO acronym for Chief County Assessment Officer (i.e. Supervisor of Assessments). 2Eligible if applicant turns 65 within the tax year. 3Eligible if applicant is 65 or older by June 1 of application year. If questions, please contact the McLean County Supervisor of Assessments Office phone [PHONE REDACTED] email [EMAIL REDACTED] Forms and additional information can be found on our website. All homestead application forms can be completed and submitted online. We can mail or email the form if that is preferred. Completed applicatons with the required documentation can be submitted online, mailed, emailed, or brought into the office. www.mcleancountyil.gov Rev 7/20/2022