Homestead Improvement Exemption (35 ILCS 200/15-180)

Estimate of Property Tax Savings

To Qualify:
1. Property must be owner occupied
2. Improvement to property must actually cause the assessment to increase
3. Property must be a residential single family home, town home, or condominium

Documents Needed: None

When the improvement is completed, our office will send out a field person and confirm the nature and extent of the improvement. Our office will then calculate the assessment increase and post it on your property record card. At the same time, our office will automatically prepare the exemption paperwork and submit it to the county. The exemption amount will match the assessment increase amount. No action by the property owner is required.

The homestead improvement exemption exempts from taxation that portion of any assessment increase caused by the improvement made to the property. The exemption amount is limited to a maximum of $25,000 per property at any one time. The exempted amount is valid for 4 years only. Click here for estimate of property tax savings.

Questions?: Call 630-968-1183