·
THE ANNUAL HOMESTEAD EXEMPTION LOWERS THE EQUALIZED ASSESSED VALUE
OF AN OWNER OCCUPIED RESIDENCE
·
A RESIDENTIAL PROPERTY MUST BE OWNER OCCUPIED AS OF JANUARY 1ST
OF THE ASSESSMENT YEAR TO QUALIFY
·
THE EXEMPTION MAY BE PRORATED FOR NEW CONSTRUCTION
·
EXEMPTION AMOUNT OF $5,000
EXEMPTION
AMOUNT OF $5,500 BEGINNING 2008
EXEMPTION
AMOUNT OF $6,000 BEGINNING 2009
·
IF YOU QUALIFY, CHECK YOUR TAX BILL TO VERIFY IF YOU HAVE RECEIVED
AN ANNUAL HOMESTEAD EXEMPTION
HOMESTEAD
IMPROVEMENT EXEMPTION
·
THE HOMESTEAD IMPROVEMENT EXEMPTION DEFERS FOR FOUR YEARS ANY
INCREASE IN THE ASSESSMENT OF YOUR PROPERTY DUE TO A HOME IMPROVEMENT
FOR WHICH THE TOWNSHIP ASSESSOR WOULD ADD VALUE
·
A RESIDENTIAL PROPERTY MUST BE OWNER OCCUPIED TO QUALIFY
·
THE MAXIMUM HOMESTEAD IMPROVEMENT EXEMPTION AMOUNT IS $75,000
MARKET VALUE (WHICH WOULD RESULT IN A MAXIMUM ASSESSMENT EXEMPTION
OF $25,000)
SENIOR
CITIZENS HOMESTEAD EXEMPTION
·
THE SENIOR CITIZENS HOMESTEAD EXEMPTION LOWERS THE EQUALIZED ASSESSED
VALUE OF AN OWNER OCCUPIED RESIDENCE
·
A RESIDENTIAL PROPERTY MUST BE OWNER OCCUPIED
·
THE RESIDENCE MUST BE OCCUPIED BY A PERSON WHO HAS REACHED AGE
65 DURING OR PRIOR TO THE ASSESSMENT YEAR
·
THE EXEMPTION AMOUNT BEGINNING IN 2006 = $3,500
EXEMPTION
AMOUNT $4,000 BEGINNING 2008
·
IF YOU QUALIFY, CHECK YOUR TAX BILL TO VERIFY IF YOU HAVE RECEIVED
A SENIOR CITIZENS HOMESTEAD EXEMPTION
·
APPLY FOR THE SENIOR CITIZENS HOMESTEAD EXEMPTION (BRING PROOF
OF AGE) AT EITHER:
McHENRY
COUNTY SUPERVISOR OF ASSESSMENT'S OFFICE
(815) 334-4290
LOCATION
ADDRESS:
ADMINISTRATION BLDG
667 WARE ROAD, SUITE 106 WOODSTOCK, IL 60098
MAILING
ADDRESS:
2200 N. SEMINARY AVENUE
WOODSTOCK, IL 60098
OR
DORR TOWNSHIP ASSESSOR'S OFFICE
PLEASE CALL (815) 338-0128 FOR AN APPOINTMENT
140 NEWELL STREET
WOODSTOCK, IL 60098
·
THE SENIOR CITIZENS ASSESSMENT FREEZE HOMESTEAD EXEMPTION FREEZES
THE ASSESSMENT OF AN OWNER OCCUPIED PRIMARY RESIDENCE, BUT DOES
NOT FREEZE THE TAX RATE
·
A RESIDENTIAL PROPERTY MUST FULFILL REQUIREMENTS AS EXPLAINED
ON THE P-TAX-340 APPLICATION FORM
·
THE RESIDENCE MUST BE OCCUPIED BY A PERSON WHO HAS REACHED AGE
65 DURING OR PRIOR TO THE ASSESSMENT YEAR
·
THE MAXIMUM HOUSEHOLD INCOME BEGINNING IN 2006 = $50,000
MAXIMUM
HOUSEHOLD INCOME BEGINNING IN 2008 = $55,000
·
MAXIMUM HOUSEHOLD INCOME INCLUDES THAT OF ALL PERSONS USING THE
PROPERTY AS THEIR PRINCIPAL DWELLING PLACE AS OF JANUARY 1ST OF
THE ASSESSMENT YEAR
·
PLEASE NOTE THAT THIS EXEMPTION MUST BE RENEWED ANNUALLY (MARK
YOUR CALENDAR EVERY YEAR)
·
APPLY FOR THE SENIOR CITIZENS ASSESSMENT FREEZE HOMESTEAD EXEMPTION
AT:
McHENRY
COUNTY SUPERVISOR OF
ASSESSMENT'S OFFICE
(815) 334-4290
LOCATION
ADDRESS:
ADMINISTRATION BLDG
667 WARE ROAD, SUITE 106 WOODSTOCK, IL 60098
MAILING
ADDRESS:
2200 N. SEMINARY AVENUE
WOODSTOCK, IL 60098
SENIOR
CITIZENS REAL ESTATE TAX DEFERRAL PROGRAM
·
THE SENIOR CITIZENS REAL ESTATE TAX DEFERRAL PROGRAM ALLOWS SENIOR
CITIZENS TO DEFER PAYMENT OF ALL OF THE PROPERTY TAXES ON THEIR
PRIMARY OWNER OCCUPIED RESIDENCE (Please note that joint ownership
under this program is limited to you and your spouse)
· FOR FURTHER INFORMATION AND/OR TO APPLY FOR THE SENIOR
CITIZENS REAL ESTATE TAX DEFERRAL PROGRAM CONTACT:
McHENRY
COUNTY TREASURER
(815) 334-4260
LOCATION ADDRESS:
ADMINISTRATION BLDG
667 WARE ROAD WOODSTOCK, IL 60098
MAILING
ADDRESS:
2200 N. SEMINARY AVENUE
WOODSTOCK, IL 60098
SENIOR CITIZENS (or PERSONS WITH DISABILITIES) CIRCUIT BREAKER
PROGRAM
·
THE SENIOR CITIZENS CIRCUIT BREAKER PROGRAM PROVIDES LOW INCOME
SENIOR CITIZENS WITH YEARLY GRANTS TO HELP PAY PROPERTY TAXES.
THE AMOUNT OF THE GRANT IS DETERMINED BY A FORMULA WHICH TAKES
INTO ACCOUNT YOUR PROPERTY TAXES AND YOUR TOTAL HOUSEHOLD INCOME
· FOR FURTHER INFORMATION AND/OR TO APPLY FOR THE CIRCUIT
BREAKER PROGRAM CONTACT:
McHENRY
COUNTY CLERK'S OFFICE
(815) 334-4242
LOCATION ADDRESS:
ADMINISTRATION BLDG
667 WARE ROAD, WOODSTOCK, IL 60098
MAILING
ADDRESS:
2200 N. SEMINARY AVENUE
WOODSTOCK, IL 60098
ILLINOIS
DEPARTMENT OF REVENUE
(800) 624-2459
FORMS - (800) 356-6302
FORMS - www.iltax.com
PO BOX 19003
SPRINGFIELD, IL 62794-9003
