| Exemptions | The State of Illinois Real Estate Tax Exemption Programs: |
| Scroll down to view a list of property tax exemption |
| programs available. Not all qualifying criteria is provided. |
| Please inquire for more detailed information.
|
| General Homestead | Lowers the equalized assessed value of your property by |
| Exemption 2004 Increase | $5000. a. Must be owner occupied by Jan. 1 of the tax |
| year. b. Contract for deed sale.
|
| Homestead Improvement | A maximum of $25,000 assessed value or $75,000 "Market |
| Exemption 2004 Increase | Value. This exemption defers for four years any increase |
| in the assessment of your property due to an addition or |
| other improvement to your property. a. Must be owner |
| occupied. b. Two different improvements on the same |
| property can run concurrently as long as $45,000 is not |
| exceeded.
|
|
|
Senior Homestead Exemption |
Lowers the equalized assessed value of your property an |
|
2004 Increase |
additional $3,000 for seniors. In the calendar year that |
| you will be turning 65 years of age you can apply for this |
| exemption. a. Must have reached age 65 during the tax |
| year. b. Must be owner occupied. Please call the Will |
| County Supervisor of Assessments Office (815) 740-4648 |
| to inquire what paper work you need to bring with you. |
| That office is located in the Will County Building located |
| at 302 N. Chicago St. downtown Joliet.
|
| Senior Freeze Exemption | In the calendar year that you will be turning 65 years of |
| 2004 Increase |
age you can apply for this exemption. Must be age 65 or |
| older. a. The maximum household income is $45,000. b. |
| Must be your principal dwelling place as of Jan 1 of the |
| tax year. In your qualifying year the property is given a |
| base year assessment. The base year assessment minus |
| the General Homestead and Regular Senior Exemption is |
| used to compute the tax bill amount. The base year |
| assessment remains unchanged until the property sells, is |
| altered by adding or removing improvements, or the |
| senior's income for a year goes over the income threshold. |
| Please call the Will County Supervisor of Assessments |
| Office (815) 740-4648 to inquire what paper work you need |
| to bring with you. That office is located in the Will |
| County Building located at 302 N. Chicago St. downtown |
| Joliet. |