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Chief County
Assessment Office |
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| Exemptions |
There are several exemptions available to
homeowner’s to help reduce the tax burden. If you have any
questions regarding these exemptions, please call the Henry
County Assessment Office.
If you have an exemption it is indicated on your assessment
notice. The dollar amount is NOT indicated on the notice. The
corresponding dollar amount will be deducted from the assessed
value on your tax bill.
The
exemptions do not appear on your assessment
notice. The assessment notice is only to show
changes in your assessed value. The exemptions will
appear on your tax bill. |
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Homeowner's
| homestead
| Senior
Citizens |
Homestead
Improvement |
Disabled Veteran
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Disabled
Person |
Returning Veteran |
Disabled Veterans'
Standard Homestead |
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Homeowner's Exemption
This exemption is
available to anyone who owns his/her home or has a legal
interest in the home, resides in the residence on January 1 of
the taxing year and is liable for the taxes. It is based on the
value of the property in 1977. The exemption is calculated by
subtracting the value of the residence and residential portion
of the land in 1977 from the current value. The maximum
reduction is $5,000 for assessment year 2007, $5,500 for
assessment year 2008 and $6,000 for assessment year 2009. The
deadline for application is December 31. There is no annual
renewal.
Forms are
available for download on the Forms and Documents
page.
Example of how exemption is calculated:
| Current
Assessed Value |
$40,000 |
| 1977 Assessed
Value |
$29,000 |
| Initial
Exemption Amount |
$11,000 |
| Actual
Exemption Amount |
$ 5,000 (Maximum
allowed by law for 2007) |
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This exemption is for property that is occupied as a
residence by a person who is 65 years of age or older who is
liable for paying real estate taxes on the property and is
an owner of record of the property or has a legal interest
in the property. The person must reside on the property as
of January 1 of the taxing year. The reduction is $4,000 in
assessed value. The application deadline is December 31 and
there is no annual renewal.
Forms are
available for download on the
Forms and Documents page.
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This exemption is for property that is
occupied as a residence on January 1 of the previous year by a
person who is 65 years of age or older in the current year who
is liable for the real estate taxes on the property and has a
household income of $55,000 or less in the previous year. An
application must be filed every year by June 1. Applications
are mailed around January every year to anyone who has the
Homestead exemption. If you feel that you may qualify contact
the office. Proof of income must be provided.
An example to determine eligibility.
You turn 65 in 2008. You owned your home and were liable for
the taxes in 2007. You resided at the property on January 1,
2007. Your household income is $55,000 for 2007. YOU QUALIFY.
The Senior Citizens Assessment Freeze,
freezes your assessed value not your taxes. In the example
listed above: For example, your total assessed value in 2007
was $32,000. In 2008 a market adjustment was made and the
assessed value increased to $39,000.
Example of calculation:
2008 assessed value
$39,000
2007 frozen value $32,000
Amount of exemption $ 7,000
You
would pay taxes on $32,000 even though your market value
increased.
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This exemption is available to homeowner’s
who add a new improvement to an existing structure used
exclusively for residential purposes. The homeowner must own
and reside in the home as of January 1 of the assessment year.
The improvement must be 100% complete as of January 1 of the
assessment year. Some examples of these new improvements are:
deck, garage, patio, room addition etc. If you are unsure if
you may qualify, contact the CCAO. The deadline for application
is December 1. The maximum amount of reduction is $25,000 in
assessed value and the exemption is in effect for 4 years. In
essence, you do not pay taxes on the improvement for 4 years.
Example of calculation:
2008 assessed value $39,000
New improvement A/V
$ 9,000
Taxable value $30,000
Forms are available for download on the Forms and Documents page.
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Must be owned and
used exclusively by a disabled veteran, the spouse or unmarried
surviving spouse of the veteran. Federal funds must have been
used to purchase or construct special adaptations to suit the
veteran’s disability.
Application requirements are:
Must apply and
reestablish exemption each year with the Illinois
Department of Veteran's Affairs. Veteran’s Affairs will
certify to the
Illinois Department of
Revenue (IDOR) and the IDOR will notify the county
assessment office. The maximum amount to be exempted is $70,000
in assessed value.
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Disabled Person
Beginning with taxable year 2007, an annual
homestead exemption may be granted to disabled persons in the
amount of $2,000 of assessed value. You must
be disabled or become disabled during the assessment year, own
or have interest in the property and occupy the property as your
principal residence on January 1 of the assessment year. You
must also be liable for the payment of property taxes. The
filing deadline for 2007 is January 31, 2008. The filing
deadline for 2008 and thereafter is December 31.
Application Requirements:
You must complete
an application and provide proof of ownership. You must file
PTAX 343-V annually to verify eligibility in order to continue
receiving exemption. You will be required to provide one
of the following to qualify. Proof must be the same year as the
assessment year:
1.
A Class 2 Illinois Disabled Person ID card from the IL
Secretary of State. NOTE: Class 2 & 2A qualify. Class 1 & 1A
do not.
2.
Proof of Social Security Administration disability
benefits. Proof includes an award letter, verification letter,
or annual cost of living adjustment.
3.
Proof of Veteran’s Administration disability benefits.
This proof includes an award letter of total (100%) disability,
pension statement, or statement showing compensation rated at
100%
4.
Proof of Railroad or Civil Service disability benefits is
an award letter of total (100%) disability
5.
If you cannot provide proof of your disability through
items 1-4, then you will need to submit to the Illinois
Department of Revenue (IDOR) “Form PTAX 343-A Physicians
Statement for Proof of Disability” completed by a physician.
You may also be required to be re-examined by an IDOR designated
physician. The IDOR will notify the Chief County Assessment
Office if you qualify.
Homeowner’s can only claim ONE
disabled persons’ exemption. (Disabled Veterans’, Disabled
Veterans’ Standard Homestead, or Disabled Persons’)
Click here for the
form.
Returning Veteran
This is a one-time
reduction of $5000 beginning with the 2007 assessment year. To
qualify you must be an Illinois resident who served as a member
of the US Armed Forces, Illinois National Guard or US Reserve
Forces and be returning from active duty in an armed conflict.
You must also own or have a legal interest in property used as
your principal residence on January 1 of assessment year. You
must be liable for paying the property taxes. The filing
deadline for 2007 is January 31, 2008. The filing deadline for
2008 and thereafter is December 31.
Application Requirements:
Must complete
application, provide proof of ownership and supply documentation
stating that you are returning from an armed conflict involving
the armed forces of the US within the tax year that you are
requesting exemption.
·
If discharged – provide Dept. of Defense DD
214 certified by county clerk or Illinois Dept. of Veterans’
Affairs.
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If still on active duty – provide military
orders and travel voucher showing date of return.
Click
here for the form.
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Disabled Veterans' Standard Homestead
75%
service-connected disability is a $5000 reduction in assessed
value beginning with the 2007 Assessment year. At least 50%,
but less than 75% service-connected disability is a $2500
reduction in assessed value beginning with the 2007 Assessment
year. This exemption is for an Illinois resident who has served
as a member of the US Armed Forces on active duty or state
active duty, Illinois National Guard, or US Reserve Forces, and
NOT dishonorably discharged. You must have at least a 50%
service-connected disability certified by the US Department of
Veterans’ Affairs, own and occupy the property as your primary
residence on January 1 of the assessment year. Your EAV shall
be less than $250,000 excluding the EAV of property used for
commercial purposes. An unmarried surviving spouse can continue
to receive DVSHE. The filing deadline for 2007 is January 31,
2008. The filing deadline for 2008 and thereafter is December
31.
Application Requirements:
Must
complete an application, provide proof of ownership and provide
Disability Certification Letter from the US Department of
Veterans’ Affairs for current assessment year. 1st
time applicants must provide Dept. of Defense DD 214 certified
by county clerk or Illinois Dept. of Veterans’ Affairs. If a
surviving spouse you must also provide the disabled veterans’
death certificate and proof of ownership.
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Chief County Assessor, Lindi M.
Kernan, CIAO-I
Phone: 309-937-3570
Fax 309-937-3949
Address
307 West Center Street
Cambridge IL 61238
Office Hours
8:00 AM - 4:30 PM
Monday - Friday
Email: assessor@henrycty.com
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