Residential Homestead Exemption (35 ILCS 200/15-175)

Estimate of Property Tax Savings


To Qualify:
1. Property must be owner occupied
2. If tenant occupied, tenant must be responsible for paying property taxes
3. Property must be a residential single family home, town home, or condominium

Documents Needed:
-None for owner occupied properties
-Copy of lease showing tenant is responsible for paying property taxes

Process:
When a qualified residential property is completed and occupied, our office automatically processes that property to receive the residential homestead exemption. No action is required of the property owner. Once granted, the exemption renews automatically each year.

Effect:
The residential homestead exemption exempts $6,000 of assessed value.
Click here for estimate of property tax savings.

Questions?: Call 630-968-1183