Property Tax Exemption For Disabled Veterans in Illinois

Illinois Property Tax Exemption For Disasbled Veterans

Updated on:
July 6, 2018

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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O'Flaherty Law is happy to meet with you by phone or at our offices in Downers Grove, Elmhurst, Naperville, St. Charles, Lake in the Hills and Tinley Park, Illinois.

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Illinois Property Tax Exemption For Disasbled Veterans
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