Veterans with Disabilities Homestead Exemption
What does this exemption do?
This exemption reduces the equalized assessed value (EAV) by
the amount of the exemption. The reduction is as follows:
- All EAV up to $250,000 from the property (before taxes are calculated) for a veteran with at least a 70% service-connected disability.
- $5,000 of EAV from the property (before taxes are calculated) for a veteran with a 50%-69% service-connected disability.
- $2,500 of EAV from the property (before taxes are calculated) for a veteran with a 30%-49% service-connected disability.
Who can qualify for this exemption?
To qualify for the Disabled Veterans'; Standard 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 on active duty or state active duty, Illinois National Guard, or U.S. Reserve Forces, and not dishonorably discharged.
- Have at least a 30% service-connected disability certified by the U.S. Department of Veterans' Affairs.
- Must be the owner of record and occupy the house as of January 1 of the assessment year.
How do I apply for this exemption?
You must apply for the exemption with the County
Assessment Office. The forms are available here. After the initial
application is approved, you will be mailed a renewal form each
subsequent year.
35ILCS 200/15-169