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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.
For Other Exemptions See Will County Treasurer

General Homestead Exemption

Lowers the equalized assessed value of your property by $6000. a. You must be owner occupied by Jan. 1 of the tax year. b. Contract for deed sale.

Homestead Improvement Exemption

A maximum of $25,000 assessed value or $75,000 Market 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. Property must be owner occupied. b. Two different improvements on the same property can run concurrently as long as $75,000 is not exceeded.

Senior Homestead Exemption

Lowers the equalized assessed value of your property an additional $4,000 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. Property 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 age, you can apply for this exemption. a. You must be age 65 or older. b. The maximum household income is $55,000. c. 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.

Senior Citizen Real Estate Tax Deferral Program

In the calendar year that you will be turning 65 years of age, you can apply for this program. Senior citizens can defer payment of part or all of the property taxes on their homes. The program functions as a loan with an annual interest rate of 6%. 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 Circuit Breaker Grants

This is the common name for Public Act 91-699 Senior Citizens and Disabled Persons Property Tax Relief and Pharmaceutical Assistance Act. Recent changes take effect January 1, 2001 include higher income qualifying limits so more seniors or disabled can take advantage of the benefits provided. Other changes include expanded number of diseases covered under the prescription drug program. Also reductions in the cost of the prescription card and charge per prescription. This program also provides low-income senior citizens with yearly grants to help pay property taxes. Maximum household qualifying income levels beginning for the 2000 grant year are $21,218 for a one-person household, $28,480 for a two-person household, and $35,740 for households containing three or more persons. In the calendar year that you will be turning 65 years of age, you can apply for this grant. 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.

Disabled Veterans Exemption

This program provides up to a $50,000 exemption of the equalized assessed value to a qualifying veteran or the veteran's unmarried surviving spouse. a. Must have a disability of such nature that the Federal Govt. has authorized payment for the purchase or construction of housing with special adaptations to meet your disability.

Veteran Organizations Exemption

Buildings used for Veterans of Foreign Wars qualify for special assessment.

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