PTAX-343-A Physician’s Statement for the Homestead Exemption for Persons with DisabilitiesĭISABLED VETERANS’ STANDARD HOMESTEAD EXEMPTION
#Tax exempt letter illinois template 2016 verification#
PTAX-343-R Annual Verification of Eligibility For Disabled Persons’ Homestead Exemption PTAX-343 Application For Disabled Persons’ Homestead Exemption
Supply a copy of your Illinois Disabled Person Identification Card that you are under a Class 2 disability (for each year you qualify) or Social Security Administration disability benefits, Veterans Administration disability benefits, Railroad or Civil Service disability benefits or the Form PTAX-343A Physicians Statement. Be disabled or become disabled during the assessment year under the Federal Social Security Act. Have lived on the property on or before January 1st of the tax year own or have a legal or equitable interest and be liable for the payment of the property taxes. This exemption cannot be claimed in addition to the Disabled Veterans’ Standard Homestead Exemption or the Disabled Veterans’ Exemption of $70,000 you can only receive one of these exemptions and, if you are a veteran, you should choose to apply for the one most beneficial to you. This exemption lowers the equalized assessed value of your property by $2000 starting in tax year 2007, and may be claimed in addition to the Homestead Limited Exemption and the Senior Citizen’s Homestead Exemptions, if applicable. PTAX-340 Senior Citizens Assessment Freeze Homestead Exemption Application Affidavit Please Note: This exemption must be renewed annually. The household income includes that of ALL persons using the property as their principle dwelling place on January 1 of the tax year. Have a maximum household income of $65,000 (increased in 2018 payable 2019). Have fulfilled a property residency requirement as explained on the application form. This exemption does not freeze your tax rate you need to understand that the actual taxes which you pay may continue to increase based upon the amounts levied by the taxing bodies where you reside (school, park, village or city, township, etc.). (This exemption may be claimed in addition to those described above. This exemption freezes the assessment on your property if your total household income is $65,000 or less. SENIOR CITIZENS ASSESSMENT FREEZE HOMESTEAD EXEMPTION PTAX-324 Application for Senior Citizens Homestead Exemption Senior Citizen’s Homestead Exemption Renewal Form Please Note: This exemption must be renewed annually. Have reached age 65 during the tax year. Have lived on the property which is your principal residence on or before January 1st of the tax year otherwise, the value may be prorated for the portion of the year that it was owner occupied by a senior citizen. For tax year 2013 (payable in 2014), this exemption increases to $5,000. This exemption lowers the equalized assessed value of your property by $3,500 starting in tax year 2006, and may be claimed in addition to the Homestead Limited Exemption. 
The property has to be the taxpayer’s principal residence.A maximum of $25,000 of assessed value may be deferred under this program.
This exemption defers for four years any increase in the assessment of your property due to an addition or other improvement to your home for which the township assessor would add value.
Have lived and owned the property which is your principal residence on or before January 1st of the tax year. For tax year 2009 (payable in 2010), this exemption again increases to $6,000. 
For tax year 2008 (payable in 2009) this exemption increases to $5,500. Through tax year 2007 (payable in 2008), this exemption lowers the equalized assessed value of your property by $5,000. However, you must own the property and it must be used as your principle residence to qualify for any of these exemptions. Exemptions reduce the Equalized assessed Value (EAV) by a specific amount the actual tax savings depends on the tax rate for the specific property.
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