Returning Veterans' Homestead Exemption
Returning Veterans' Homestead Exemption
Illinois veterans who return from active duty in an armed conflict get a one-time $5,000 reduction in their home's equalized assessed value for two consecutive tax years, the year…
Details
Illinois veterans who return from active duty in an armed conflict get a one-time $5,000 reduction in their home's equalized assessed value for two consecutive tax years, the year they return and the following year. You must own and occupy the property as your primary residence.
Restrictions
Apply at your local county assessor's office after returning home from active duty.
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