Disabled Veterans, Lake County Property Tax Exemptions

Disabled VeteransDisabled vets 1

Disabled veterans are entitled to a number of homestead exemptions in Lake County, Illinois.  These exemptions lower the equalized assessed value of your property by up to 5,000; some of these may be claimed in addition to other exemptions.
Some may require annual verification; along with that you may need a physician’s statement for some exemptions.  Make sure that you are receiving all of the exemptions that are rightfully yours.
These links will also lead you to each of the exemptions for disabled veterans, along with the necessary forms.  If you are a recently returning veteran, check to see if you qualify for those exemptions also. (see other posts)
 
This lowers the equalized assessed value of your property by $2,500 if your disability is service-connected and you are at least 50% disabled, but less than 70% disabled.  This exemption lowers the equalized assessed value of your property by $5,000 if your disability is service-connected and you are at least 70% disabled.  Note that this exemption is limited to residential property with an equalized assessed value of less than $250,000. (This is for first time applicants ONLY)
 
After initial application and approval in the first year you qualify for this exemption, it is required that each year thereafter you renew the exemption using this form. The Chief County Assessment Office will automatically mail these forms to all persons who received this exemption in the previous year. (This should not be used by first time applicants)
Veteran’s Organization Assessment Freeze Application
This application form can be used by veteran’s organizations that meet specific criteria and would like their tax assessment frozen.
This exemption lowers the equalized assessed value of your property by $2,000, and may be claimed in addition to the Homestead Limited Exemption and the Senior Citizen’s Homestead Exemptions, if applicable. (This is for first time applicants ONLY)
 
Annual Verification of Eligibility for the Homestead Exemption for Persons with Disabilities
After initial application and approval in the first year you qualify for this exemption, it is required that each year thereafter you renew the exemption using this verification form. This form is mailed each year to all persons who received this exemption in the previous year. (This should not be used by first time applicants)
 
Physician’s Statement for the Homestead Exemption for Persons with Disabilities
If you are unable to provide proof of your disability as shown on the Disabled Persons’ Homestead Exemption application, you must submit this form. It must be completed by a licensed physician in the State of Illinois – you will be responsible for any costs incurred for your examination. This form also must be accompanied by either the Disabled Persons Homestead Exemption Application or Annual Renewal Application.
 
For more information, visit the Official Lake County Illinois, Chief County Assessment Office, Property Tax Relief Website:     http://assessor.lakecountyil.gov/Property-Tax-Relief/Pages/default.aspx

Additional Exemptions that might apply

Returning veterans are entitled to a number of homestead exemptions in Lake County, Illinois.  In the year you return, this exemption lowers the equalized assessed value of your property $5,000.  You may be eligible for this in addition to other exemptions.    Make sure that you are receiving all of the exemptions that are rightfully yours.
The link below will lead you to the exemptions for returning veterans, along with the necessary forms.  Check all exemptions to see if you qualify.

 Returning Veterans Homestead Exemption Application

  • Lowers the equalized assessed value of your property by $5,000 in the year you return from active duty in an armed conflict and the following year after.
  • This can be claimed in addition to the General Homestead Limited Exemption and any applicable Senior Citizen’s Exemptions.
  • To receive this exemption, you must own and occupy the property applied for as your principal residence on January 1 of the tax year.
  • Supply a copy of your DD214, if applicable; otherwise a copy of your most recent military orders and travel voucher showing the date of your return.
  • If you are applying for this exemption and the property is held in trust, the law requires that we verify the applicant is a beneficiary of that trust. The exemption cannot be applied without this verification. Please include a copy of that part of the actual trust agreement which states that the applicant is the beneficiary. This can usually be found on the first few pages of the trust document. Should you have any questions, please feel free to contact us directly at 847.377.2100.