Property Tax Exemption For Disabled Veterans in Illinois

Illinois Property Tax Exemption For Disabled Veterans

Video by Attorney Kevin O'Flaherty
Article written by Illinois & Iowa Attorney Kevin O'Flaherty
Updated on
November 1, 2019

In 2015, Senate Bill 107 expanded the Illinois  Disabled Veterans Property Tax Exemption.  Beginning in taxable year 2015, which is payable in 2016, veterans with a service-connected disability rating of at least 30% can apply to have their dwelling's assessed value reduced.  The amount of the reduction/exemption depends on the level of disability.

‍Veterans with a disability rating of 30 to 40 percent receive an exemption that reduces the assessed value of their primary dwelling by $2,500.00.  A disability rating of 50 to 60 percent reduces the value by $5,000.00.  A disability rating of 70 percent makes the veteran's dwelling completely exempt from taxation.   

In order to take advantage of the exemption, you can apply through your county's assessor's office.  

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