Returning Veterans' Homestead Exemption

What does this exemption do?
This exemption provides a one-time reduction in the equalized assessed value (EAV) by the amount of the exemption. For the current tax assessment year, the reduction is $5,000 off the EAV for a qualifying returning veteran.

Who can qualify for this exemption?
To qualify for the Returning Veterans' Homestead Exemption, the veteran must meet the following requirements:

• Be an Illinois resident who has served as a member of the U.S. Armed Forces, Illinois National Guard, or U.S. Reserve Forces.
• Returning from active duty in an armed conflict involving the armed forces of the United States during the assessment year.
• A veteran who dies during active duty service is eligible to receive this exemption.
• Owned or had a legal or equitable interest in the property used as the principal place of residence on January 1 of the assessment year.
• Must be liable for the payment of the property taxes.

How do I apply for this exemption?
You must apply for the exemption with the County Assessment Office. You can call (630) 208-3818 and one will be mailed to you. After the initial application is approved, you will be mailed a renewal form each subsequent year.

35 ILCS 200/15-167