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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
 

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

Starting in tax year 2010 this exemption 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 two-year exemption. For mor information contact:

The McHenry County Assessors Office
Ware Road, Room 106
Woodstock, IL 60098
815/ 334-4290