|
Passport
Information | Change of
Address or Ownership | Frequently Asked
Questions | Township
Assessors
REDUCING YOUR TAX BILL
Homeowners - General Homestead Exemption
Reduction in equalized assessed value up to $6,000. Available for
all owner-occupied residences. No age requirement. Check your last
tax bill. If not contact your Township Assessor or the Office of
Assessments.
Mailing Address:
Office of Assessments
2200 North Seminary Ave
Woodstock, IL 60098
Office Location:
Ware Road, Room 106
Woodstock, IL
Click to E-mail
Assessment Office Email
Senior Citizen Homestead
A $4,000 reduction in the assessed value of property. To qualify for
this exemption a person must be 65 years of age or older during the
taxable year for which application is made and must be the owner of
record or person with equitable interest in the property. More
information and applications for this exemption are available from
the Office of Assessments or from your local Township Assessor.
Mailing Address:
Office of Assessments
2200 North Seminary Ave
Woodstock, IL 60098
Office Location:
Ware Road, Room 106
Woodstock, IL
Senior Citizen Assessment Freeze Exemption
Allows qualified senior citizens to elect to maintain the equalized
assessed value of their home at the base year value and prevent any
increase due to inflation. The base year is the year prior to the
year you first qualify and apply for the exemption. The assessment
freeze exemption does not freeze the amount of your property tax
bill, which will still increase if the tax rate increases. To
qualify you must be 65 years of age or older during the taxable year
and have a total household income of no more than $55,000. You must
have owned the property or had legal or equitable interest in the
property, or had a leasehold interest in the residence, and be
liable for the payment of property as your principal place of
residence. The application must be made by July 1. Information and
applications are available from the Office of Assessments.
The McHenry County Assessors Office
Ware Road, Room 106
Woodstock, IL 60098
815/ 334-4290
Senior Citizens Real Estate Tax Deferral
Allows qualified Seniors to defer all or part of property tax on
their owner-occupied residence. It's a form of loan with a six
percent interest rate which is repaid after the tax payers death or
at the time the property is sold. You must be at least 65 years of
age by June 1, with a household income not more than $50,000 and
occupied the property for at least three years. Application must be
filed by March 1.
More information and application are available in the McHenry County
Collectors office at:
Mailing Address:
McHenry County Collector
2200 North Seminary Ave
Woodstock, IL 60098
Office Location:
2100 N. Seminary Avenue
Woodstock, IL
815/ 334-4260
Home Improvement Exemption
Reduction in assessed value increased, up to $25,000, caused by new
improvement to an existing structure. Available for all
owner-occupied residences. No age requirement. More information is
available from the Office of Assessments
The McHenry County Assessors Office
Ware Road, Room 106
Woodstock, IL 60098
815/ 334-4290
Circuit Breaker Program
Qualified applicants can receive a grant of $1 to $700. This program
is available to persons over age 65 and those disabled over age 16
with household maximum income levels between $21,218 to $35,740
depending on the number of persons in the household.
For further information or for applications, contact the Illinois
Department of Revenue PO Box 19003, Springfield, IL 62764 or call at
1-800-624-2459
Forms can be found at the McHenry County Clerk's Office 815/
334-4242
Regular Disabled Veteran Exemption
Exempts up to $70,000 of assessed value. Disability is such that the
Federal Government has authorized payment for purchase or
construction of specially adapted housing. Exemption continues with
unmarried surviving spouse. Certification is made to Illinois
Department of Revenue by US Department of Veteran's Affairs. State
then certifies to county.
NOTE: An applicant may not claim both this and either the new
Disabled person Exemption or the new Disabled Veteran's Standard
Exemption.
For more information, Contact US Department of Veterans Affairs.
Local Illinois office is 815/ 338-9292.
Disabled Persons' Homestead Exemption
This exemption lowers the equalized assessed value of your property
by $2,000 starting in tax year 2007, and may be claimed in addition
to the Homestead Limited Exemption and the Senior Citizen's
Homestead Exemptions. For more information contact:
The McHenry County Assessors Office
Ware Road, Room 106
Woodstock, IL 60098
815/ 334-4290
Disabled Veterans' Standard Homestead Exemption
This exemption 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 75% 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 75%
disabled. Note that this exception is limited to residential
property with an equalized assessed value of less than $250,000. For
more information contact:
The McHenry County Assessors Office
Ware Road, Room 106
Woodstock, IL 60098
815/ 334-4290
Returning Veterans' Homestead Exemption
This exemption started in tax year 2007 and lowers the equalized
assessed value of your property by $5,000 in the year you return
from active duty in armed conflict. It is a one-year exemption. For
mor information contact:
The McHenry County Assessors Office
Ware Road, Room 106
Woodstock, IL 60098
815/ 334-4290
|
