Monee Township Assessor's Office |
Office Location 46 Town Center Phone: 708-534-6023 Fax 708-534-6027
Summer Office Hours thru Sept 1st Monday & Wednesday 9:00am to 1:00pm Tuesday & Thursday 9:00am to 5:00pm Closed Friday Closed for lunch from Noon -1:00pm
Your Assessor Nanci Barfoot | New Tax ReliefHighlights of House Bill 664 The longest overtime session in the history of the Illinois General Assembly this year yielded on very positive achievement: much needed property tax relief for our seniors and families. House Bill 664 (P.A. 95-644), which passed with bi-partisan support through the Illinois House and Senate, adds a number of tax relief initiatives. It provides property relief for homeowners, seniors, veterans, the disabled, and the spouses of fallen police officers or rescue workers.
The above was provided by Tom Cross, House Republican Leader, State Representative, 84th District on November 15, 2007 in a letter to Nanci Barfoot, Monee Township Assessor. New Veteran & Disable Exemptions
More Illinois veterans and disabled persons will be eligible for property tax relief as a result of legislation passed into law on October 17, 2007. Public Act 95-0644 creates three new homestead exemptions for Illinois' disabled citizens and qualifying veterans. The legislation also expands current homestead exemption to provide property tax relief for qualifying Illinois' homeowners and Senior Citizens.
Veteran Exemptions Returning Veteran's Homestead Exemption (35 ILCS 200/15-167) provides a one-time $5,000 reduction in a property's equalized assessed value (EAV) to qualifying veterans who return from active duty in an armed conflict involving the armed forces of the United States. Veteran must complete an application upon their return home. Disabled Veterans' Standard Homestead Exemption (35 ILCS 200/15-169) provides a reduction in property's EAV to a qualifying property owned by a veteran with a service-connected disability certified by the U.S. Department of Veterans' Affairs. A $2,500 homestead exemption is available to a veteran with a service-connected disability of a least 50% but less than 75% or a $5,000 homestead exemption is available to a veteran with at least a 75% service-connected disability. A disabled veteran must file an annual application by the county's due date to continue to receive this exemption. The current Disabled Veterans' Homestead Exemption (35 ILCS 200/15-165) that provides up to a $70,000 reduction in assessed value for federally-approved specially adapted housing will continue to be available through the local Veterans' Affairs Office.
Disabled Person's Homestead Exemption Disabled Person's Homestead Exemption (35 ILCS 200/15-168) provides a $2,000 reduction in a property's EAV to a qualifying property owned by a disabled person. A disabled person must file an annual application by the county's due date to continue to receive this exemption
New 2008 & 2009 Tax Exemptions Click on the NEW TAX EXEMPTIONS link to see the property tax relief for our seniors and families; referred to as House Bill 664 (P.A. 95-644) passed by the Illinois General Assembly Please see http://www.willcountysoa.com/ for more information. |
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