Attorneys At Law

Attorneys practicing in and around the Chicagoland area. Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Social Security Disability, Business Law, & Estate Law.

Attorneys At Law - Attorneys practicing in and around the Chicagoland area. Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Social Security Disability, Business Law, & Estate Law.

Please Join Us in Supporting H.O.M.E. DuPage Home Ownership Resources

Assistance for first time home buyers in DuPage County

H.O.M.E. DuPage, Inc. is a nonprofit organization that provides a full range of services to promote responsible sustainable homeownership, with an emphasis on serving first-time homebuyers, low-income and moderate-income households and homeowners in crisis.

 

When you support H.O.M.E. DuPage, you help preserve homeownership through services that help people achieve their dream of owning a home.

 

H.O.M.E. DuPage Mission

Homeowner crisis foreclosure assistance DuPageH.O.M.E. DuPage helps educate people on managing finances, fixing bad credit, and preparing first-time homebuyers to realize their dream of owning their own home.

H.O.M.E. DuPage also helps current homeowners in crisis.

When the foreclosure process begins, there is still hope. In 2017, H.O.M.E. DuPage assisted over 300 local families in crisis.

 

H.O.M.E. DuPage Wish List

You can help support H.O.M.E. DuPage Inc. through your financial donations or by providing items on their wish list.

Other ways to help:

 

Make a Donation

They need your help to be able to continue to provide vital services to our community.

Your tax-deductible donation to H.O.M.E. DuPage, Inc. will go to work right here in DuPage County:

  • helping a mother and her son (both suffering medical crises) save their home from foreclosure
  • giving a single mom the opportunity to become a homeowner for the first time
  • teaching a young couple to successfully manage their money with the help of a Financial Coach

Donate to HOME DuPage

 

We hope that you can help support DuPage County residents to achieve their dream of homeownership.


* Advertising Material: To the extent that the information in this post is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


The Law Offices of Lora Fausett P.C. provides real estate law services in DuPage, Kane, Kendall and Cook counties including buying and sellingshort salesmortgage foreclosure defense and more.

For Information Call 630-858-0090


Real Estate Tax Exemptions in DuPage County

In this post, we will list the real estate tax exemptions available to qualified homeowners in DuPage County, Illinois.

Paying your ever-increasing property taxes is a reality of home ownership whether you are in DuPage, Kane or Cook County.

However, some homeowners in DuPage County may be eligible for real estate tax exemptions for a portion of their home value, which can amount to significant savings, especially for people on fixed incomes.

With the cost of property taxes in DuPage County being some of the highest in the state, it is important that you take advantage of every exemption that you qualify for.

This information has been collected for your convenience and is also available at the DuPage County Treasurer Website.

 

List of DuPage County Property Tax Exemptions

  • Disabled Persons’ Homestead Exemption
  • Disabled Veterans’ Standard Homestead Exemption
  • Homestead Exemption for Veterans with Disabilities
  • Homestead Improvement Exemption
  • Residential Exemption
  • Returning Veterans’ Homestead Exemption
  • Senior Citizens Assessment Freeze
  • Senior Citizens Homestead Exemption

 

Disabled Persons’ Homestead Exemption

The Disabled Persons’ Homestead Exemption provides qualifying homeowners an annual $2,000 reduction in the assessed value of the property owned and occupied on January 1 of the assessment year by the disabled person who is liable for the payment of the property taxes.

You can contact your Township Assessor for more information.

To qualify:

  • You must be disabled or become disabled during the assessment year
  • The applicant must own or have a legal or equitable interest in the property, or a leasehold interest of a single-family residence. The applicant must occupy the property as your principal residence on January 1 of the assessment year and is liable for the payment of the property taxes.

You will need to file a completed PTAX-343 application form with additional documentation (Proof of Ownership) demonstrating eligibility.

Additional information and detailed requirements at DuPage County Treasurer website

 

Disabled Veterans’ Standard Homestead Exemption

Veteran Homeowner ExemptionProvides qualified veterans an annual reduction in the assessed value of the primary residence occupied by a disabled veteran each year depending on the percentage of the veteran’s service-connected disability.

Typical annual tax savings range from $140 to $280 for $2,500 to $5,000 reduction of assessed value.

Contact the DuPage County Supervisor of Assessments Office at 630-407-5858 for more information.

To qualify:

  • Applicant must be an Illinois resident who is a veteran with at least a 30% service-related disability as certified by U.S. Department of Veterans Affairs.
  • The home must be owner-occupied by the disabled veteran or the surviving unmarried spouse of the disabled veteran as of January 1st of eligibility year, and the property value must not be more than $750,000.
  • You will not be eligible if you are claiming exemption under the Disabled Persons Homestead Exemption or the Disabled Veterans Homestead Exemption

You will need to complete and file a PTAX-342 application form along with the required documentation with the Supervisor of Assessments.

Additional information and detailed requirements at DuPage County Supervisor of Assessments website

 

Homestead Exemption for Veterans with Disabilities

The property must be owned and used exclusively by a 70% or more disabled veteran. Provides for an exemption for property taxes.

Contact the Supervisor of Assessments Office.

 

Homestead Improvement Exemption

DuPage County real estate tax deferralThe Homestead Improvement Exemption provides an exemption of up to $25,000 of assessment increase due to home improvement. This exemption can continue for four years.

Contact your Township Assessor’s office for more information.

To qualify:

  • If an existing primary residence which is used exclusively for residential purposes experiences an assessment increase resulting from a physical change made to the property, such a new addition or improvement, the amount of assessed value directly related to this change may be deducted from the total taxable assessed value of the property, for a period of four years.
  • The maximum deduction is $25,000 of assessed value.

Additional information and detailed requirements at DuPage County Supervisor of Assessments website

 

Residential Exemption

This General Homestead Exemption reduces the net taxable assessed value by a maximum of $6,000

To qualify:

  • Own and occupy the property as a principal residence.
  • Alternately, occupy the property as a principal residence and you have an equitable legal estate and are responsible for the payment of the real estate taxes.
  • In most cases, the Township Assessor will automatically grant the exemption on behalf of the taxpayer without requiring a formal application.  If you have any questions about your exemption status, please contact your Township Assessor.

Additional information and detailed requirements at DuPage County Supervisor of Assessments website

 

Returning Veterans’ Homestead Exemption

Real Estate Home Buying MythsThe Returning Veterans’ Homestead Exemption provides for a one-time $5,000 reduction in the assessed value of the veteran’s principal residence for two consecutive tax years when the veteran returns from active duty in an armed conflict involving the armed forces of the United States.

Contact the DuPage County Supervisor of Assessments Office at 630-407-5858 for more information.

To qualify:

  • Must be an Illinois resident who has served as a member of the U.S. Armed Forces, Illinois National Guard, or U.S. Reserve Forces and returned from active duty in an armed conflict involving the armed forces of the U.S;
  • Must own or lease and occupy the property as a primary residence and be liable for paying the property taxes.
  • File a completed PTAX-341 application form with additional documentation demonstrating eligibility (Proof of Ownership form).

Additional information and detailed requirements at DuPage County Supervisor of Assessments website

 

Senior Citizens Assessment Freeze

The Assessment Freeze Homestead Exemption provides seniors with limited income protection against real estate tax increases due to rising property values. It is not a tax freeze or a tax reduction and does not protect against increased taxes due to tax rate increases.

For applications or questions concerning the exemption, please call the DuPage County Supervisor of Assessments Office at 630-407-5858 for more information.

To qualify:

  • You must establish age, ownership, and residency, by applying for the Senior Homestead Exemption (which requires you to be age 65 by December 31st of the assessment year for which the application is made).
  • Have a total household income (before deductions) of $55,000 or less for the calendar year prior the application year.
  • Effective for the 2018 pay 2019 tax year, the maximum allowable household income is $65,000.
  • Own and occupy the property on or before January 1st of the application year and prior base year.
  • Be liable for payment of real estate taxes on the property.
  • Eligible senior taxpayers must complete a signed and notarized application/affidavit.

Additional information and detailed requirements at DuPage County Supervisor of Assessments website

 

Senior Citizens Homestead Exemption

Property tax bills Kane & DuPage CountyThe Senior Citizens Homestead Exemption lowers the taxable value of the property by $5,000.

To qualify:

  • You must be age 65 by December 31st of the assessment year for which the application is made.
  • Complete an application (PDF) and supply proof of age and property ownership.
  • Own and occupy the property.
  • Be liable for the payment of real estate taxes on the property.

Additional information and detailed requirements at DuPage County Supervisor of Assessments website

 


* Advertising Material: To the extent that the information in this post is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


The Law Offices of Lora Fausett P.C. provides real estate law services including buying and sellingshort salesmortgage foreclosure defense and more.

For Information Call 630-858-0090


 

DuPage County Property Taxes: Frequently Asked Questions

Old DuPage County Courthouse

By Katherine Johnson from Springfield, IL – Old Dupage County Courthouse, CC BY 2.0

You probably have a few questions about property taxes. 

The information in this post will be helpful for new homeowners in DuPage County that are paying property taxes for the first time or others who may have received an unexpected bill or change from the treasurer’s office.

As real estate law attorneys serving DuPage, Kane, Kendall, Will, and Cook Counties in Illinois, we advise many clients on issues having to do with real estate transactions, short sales, foreclosure, and other topics.

Here are some of the most commonly asked questions about property taxes in DuPage County.

 

When are my property taxes due?

In 2017, your first installment is due June 1, 2017.  Second installment property taxes due September 1, 2017. Unpaid property tax bills are auctioned on October 30, 2017.

Your property tax bill due dates for 2017 will be announced in spring 2018.

 

Why did I get a bill?

Does the mortgage company pay your taxes?

  • If your mortgage company pays your taxes you will still receive a bill in the mail for your records. A tax bill is often requested to prove residency.

Are you a new property owner?

  • If you are a new property owner you will still receive last year’s tax bills.

Related: DuPage Homeownership Center is Now H.O.M.E DuPage

DuPage County Courthouse

Is my information correct?

Do you need to change your mailing name or address on your bill?

  • If you need to change information on your bill, contact the DuPage County Clerk’s office at 630-407-5540

Does your bill seem too high?

  • You can check if it is correct by calling your Township Assessor to verify that you are receiving the exemptions for which you qualify. If you have questions about rate changes, you should contact that specific taxing body.

Related: High Property Taxes Sending Illinois Homeowners Towards a Cliff

Don’t know your property tax number?

  • Also Known as your parcel number or pin number, your Township Assessor can look up the number for you by property address.

Making a payment?

Did you pay your taxes last year?

  • If you did not pay last year’s taxes you can call the DuPage County Clerk’s office at 630-407-5500 and you should ask for an Estimate of Redemption. Make sure you have your property tax number.

Can I prepay my taxes?

  • Yes, you can. Contact the Treasurer’s Office at 630-407-5900 to speak with the collection department. You will not be able to find prepay information online.

Do you own multiple parcels in DuPage County?

  • You can pay for all of them on one check. Make sure your math is correct and list all the parcel numbers you are paying on the check. Include the correct installment coupon for each payment you are making.

Can I make a late tax payment?

  • Do not worry, this office does not report late tax payments to any credit bureau.

Paying by mail?

  • If you need a receipt, your canceled check will count. If you need an official document, please either call the Tax Information Department (630-407-5900) or add a note requesting a receipt. Allow two weeks for a receipt to be issued.

Will I be charged for a copy of my bill?

  • No, you will not be charged for copies of tax bills for the property owner.

DuPage County Property Tax Resources

DuPage County Treasurer Website

Online Property Tax Information

DuPage County Property Tax Lookup

Free Financial Counseling for DuPage County Homeowners (PDF)


* Advertising Material: To the extent that the information in this post is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


The Law Offices of Lora Fausett P.C. provides real estate attorney services including loan modificationsbuying and selling legal assistance, short sales and deeds in lieu, mortgage foreclosure defense, and others.

Located in Glen Ellyn, Illinois and serving clients in DuPageCookKane, Will, and Kendall Counties.

For Information Call 630-858-0090


 

DuPage Homeownership Center is Now H.O.M.E DuPage

HOME DuPage - Home Ownership, Money, Education

New logo for HOME DuPage – formerly DHOC

Do you remember when DHOC had a secret?

The DuPage Homeownership Center (DHOC) was promoting a “big reveal” of their secret on February 8, 2017.

The “secret” has been revealed and it is a new name and new look for the organization.

H.O.M.E. DuPage

Formerly known as The DuPage Homeownership Center, it will now be doing business as H.O.M.E DuPage, Inc. effective February 9, 2017.

Why H.O.M.E. DuPage?  Simply stated, DHOC needed something that reflects what they do best and sets them apart from those who might have similar services, but not exactly.

Therefore the new name reflects these service points: Home. Ownership. Money. Education. DuPage

The creation of a new identity has been a year in the making. During this time, a task force of members of the Board of Directors and the Advancement Committee have been working to roll out this new change.

The goal is to increase visibility in the community with an identity that more effectively states who they are and what they do.

Please update your records as of February 9, 2017 – DHOC goes H.O.M.E.!


Related H.O.M.E. DuPage Information:

H.O.M.E. DuPage Inc. Website

Financial Fitness Program

Financial Fitness Coaching

Upcoming Classes & Workshops


* Advertising Material: To the extent that the information in this e-mail is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


The Law Offices of Lora Fausett P.C. provide real estate law attorney services including short sales and deeds in lieuloan modifications and workouts, and buying & selling assistance.

For Information Call 630-858-0090

High Property Taxes Sending Illinois Homeowners Towards a Cliff

Edge of Cliff

High property taxes in Illinois are hurting home values and pushing “Illinois toward a financial cliff” according to the The DuPage Policy Journal and Wirepoints.com writer Mark Glennon.

“I think we’re at the point where consumers are going to start concluding that buying real estate in Illinois, particularly homes, is not a safe bet because prices are, at best, flat if not going down.” – Mark Glennon, writer at wirepoints.com

DuPage County

In DuPage County, every single community has seen a drop in its home values, even cities with strong demand such as Naperville and Glen Ellyn.

They saw their home sale prices drop by an average of 19%. Homeowners in the hardest hit areas included Willowbrook, which saw a 48% decrease.

“A tipping point is at hand in Illinois,” wrote Glennon. “Potential homebuyers conclude they’ll never cash out whole because of increasing taxes and declining values.”

The causes

Homeowners are seeing excessive property taxes, increased costs, and stagnating wages.

Because of this, many are choosing to leave the Illinois, and in 2016 Illinois lost more residents than any other state. It has now had negative migration for three years straight and the numbers keep increasing.

“When you have a big state like Illinois, to lose population for three years in a row? That’s cause for alarm,” said William Frey of the Brookings Institute.

A study by Pew Charitable Trusts showed that since 2007, the average rate of personal income growth for Illinois residents is less than one percent. That makes it the worst income growth state in the Midwest and the 2nd lowest in the nation.

At the same time housing prices are decreasing and wages are stagnant, Illinois has the highest property taxes in the nation.

As crazy as it may sound, some have even said that Illinois is in danger of losing its position as the business capital of the Midwest.

It’s time for Illinois lawmakers to take action.


The Law Offices of Lora Fausett P.C. provide real estate law attorney services including short sales and deeds in lieuloan modifications and workouts, and buying & selling assistance.

For Information Call 630-858-0090


Sources:

Dropping home values, high property taxes push Illinois toward financial cliff – DuPage Policy Journal

Home Values Plummet Across DuPage County – Downers Grove Patch

Property taxes rapidly eroding DuPage home values – DuPage Policy Journal

Illinois’ property taxes highest in nation, study finds – Chicago Tribune

Illinoisans experiencing second-worst income growth in the nation – Illinoisnews.org

High property taxes a multilayered problem in Illinois – DuPage Policy Journal

Illinois loses more residents in 2016 than any other state – Chicago Tribune


* Advertising Material: To the extent that the information in this e-mail is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.