Exemptions The State of Illinois Real Estate Tax Exemption Programs:

Scroll down to view a list of property tax exemption

programs available. Not all qualifying criteria is provided.

Please inquire for more detailed information.

 


General Homestead Lowers the equalized assessed value of your property by

Exemption $5000. a. Must be owner occupied by Jan. 1 of the tax

year. b. Contract for deed sale.

 


Homestead Improvement A maximum of $25,000 assessed value or $75,000 "Market

Exemption Value. This exemption defers for four years any increase

in the assessment of your property due to an addition or

other improvement to your property. a. Must be owner

occupied. b. Two different improvements on the same

property can run concurrently as long as $75,000 is not

exceeded.

 


Senior Homestead Exemption Lowers the equalized assessed value of your property an

additional $3,000 for seniors. In the calendar year that

you will be turning 65 years of age you can apply for this

exemption. a. Must have reached age 65 during the tax

year. b. Must be owner occupied. Please call the Will

County Supervisor of Assessments Office (815) 740-4648

to inquire what paper work you need to bring with you.

That office is located in the Will County Building located

at 302 N. Chicago St. downtown Joliet.

 


Senior Freeze Exemption In the calendar year that you will be turning 65 years of

age you can apply for this exemption. Must be age 65 or

older. a. The maximum household income is $45,000. b.

Must be your principal dwelling place as of Jan 1 of the

tax year. In your qualifying year the property is given a

base year assessment. The base year assessment minus

the General Homestead and Regular Senior Exemption is

used to compute the tax bill amount. The base year

assessment remains unchanged until the property sells, is

altered by adding or removing improvements, or the

senior's income for a year goes over the income threshold.

Please call the Will County Supervisor of Assessments

Office (815) 740-4648 to inquire what paper work you need

to bring with you. That office is located in the Will

County Building located at 302 N. Chicago St. downtown

Joliet.
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