Description:

Allows seniors to defer part or all the property taxes on their personal residence up to $7,500 annually. The following principles apply:

- This is a state loan with a 3% simple interest rate
- Repayment upon death or sale of home
- A lien will be placed on the property
- The program may be utilized for multiple years, if qualifications are met
- Participants may apply for other senior tax programs in addition to the deferral program

Eligibility:

To be eligible, individuals must:

- Be 65 years of age or older;
- Total household income must be $65,000 or less;
- Own and occupy the residence, or other qualifying property in Illinois for the last 3 years (except for any period individuals may have temporarily resided in a licensed nursing home).
- Property cannot be income producing (e.g. rental income).
- Property taxes must be current at the time of application.
- The cumulative value cannot exceed 80% of any loans or liens on the property.
- Those that have a current mortgage, 2nd mortgage or reverse mortgage must check with their lending institution to see if they qualify

Languages:

Spanish

Program Fees:

No fee

Intake Process:

Visit the website to download the application. Completed applications must be notarized and mailed by March 1. New applications must be filed for each tax year.

Documents required:
- Proof of Residence
- Proof of Age
- Copy of Title

Contacts

Phone Numbers

Address Listings

Handicap Accessible?

Yes

Wishlist:

None

Volunteer Opportunities:

None

Legal Status:

Public Service

Date of Official Change:

May 6, 2024

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