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 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.

Property Tax Exemptions in Kane County

Kane County Property Taxes

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

For help with legal issues related to real estate law, contact the experienced attorneys at Fausett Law at 630.858.0090.

Property taxes are an unavoidable part of life for homeowners in Illinois and Kane County is no different.

Because of high property tax rates, it’s important to know if you qualify for any Kane County property tax exemptions.

Tax exemptions can make a significant difference in the amount you pay, and this is especially important for anyone on a fixed income.

It’s important that you take advantage of every exemption that you can qualify for.

This information has been collected for your convenience and is also available at the Kane County Assessment Office website.

 

List of Kane County Property Tax Exemptions

  • General Homestead Exemption
  • Disabled Veterans’ Homestead Exemption
  • Returning Veterans’ Homestead Exemption
  • Homestead Improvement Exemption
  • Persons with Disabilities Homestead Exemption
  • Senior Citizens Homestead Exemption
  • Senior Citizens Assessment Freeze  Homestead Exemption

 

Kane County SealGeneral Homestead Exemption

This exemption reduces the Equalized Assessed Value(EAV) by the amount of the exemption. For the current tax assessment year, the reduction is $6,000.

A property must be the principal residence of the owner. Exemptions may also be available for cooperatives and qualified life-care facilities. Contact the County Assessment Office for more information.

You must apply for the exemption with the County Assessment Office. You can get an application here (General Homestead Exemption Form) or you can call (630) 208-3818 and one will be mailed to you.

 

Disabled Veterans’ Homestead Exemption

This exemption reduces the equalized assessed value (EAV) by the amount of the exemption.

Beginning with the 2015 (payable 2016) year, the reduction is:

  • All EAV from the property (before taxes are calculated) for a veteran with at least a 70% service-connected disability.
  • $5,000 of EAV from the property (before taxes are calculated) for a veteran with a 50%-69% service-connected disability.
  • $2,500 of EAV from the property (before taxes are calculated) for a veteran with a 30%-49% service-connected disability.

To qualify for the Disabled Veterans’; Standard Homestead Exemption the veteran must meet the following requirements:

  • Be an Illinois resident who has served as a member of the U.S. Armed Forces on active duty or state active duty, Illinois National Guard, or U.S. Reserve Forces, and not dishonorably discharged.
  • Have at least a 30% service-connected disability certified by the U.S. Department of Veterans’ Affairs.
  • Must be the owner of record and occupy the house as of January 1 of the assessment year.
  • The property must have a total equalized assessed value of less than $250,000 for the primary residence.

Veteran Homeowner Exemption

You must apply for the exemption with the County Assessment Office. You can get an application here (Disabled Veterans Homestead Exemption Form) or you can call (630)208-3818 and one will be mailed to you.

After the initial application is approved, you will be mailed a renewal form each subsequent year.

 

Returning Veterans’ Homestead Exemption

This exemption provides a one-time reduction in the equalized assessed value (EAV) by the amount of the exemption. For the current tax assessment year the reduction is $5,000 off the equalized assessed value from the property for a qualifying returning veteran.

To qualify for the Returning Veterans’; Homestead Exemption the veteran must meet the following requirements:

  • Be an Illinois resident who has served as a member of the U.S. Armed Forces, Illinois National Guard, or U.S. Reserve Forces.
  • Returning from active duty in an armed conflict involving the armed forces of the United States during the assessment year.
  • A veteran who dies during his or her active duty service is eligible to receive this exemption.
  • Owned or had a legal or equitable interest in the property used as the principal place of residence on January 1 of the assessment year.
  • Must be liable for the payment of the property taxes.

Real estate agent with keysThis exemption may be claimed only in the year in which the eligible veteran taxpayer returns from active duty in an armed conflict.

If a veteran taxpayer receives this exemption, then is again deployed on active duty in armed conflict and returns again in a subsequent year, the veteran taxpayer is eligible for this exemption again if the other conditions are met.

You must apply for the exemption with the County Assessment Office. You can get an application here (Returning Veterans Homestead Exemption Form) or you can call (630) 208-3818 and one will be mailed to you.

After the initial application is approved, you will be mailed a renewal form each subsequent year.

 

Homestead Improvement Exemption

Assistance for first time home buyers in DuPage CountyThis exemption reduces the EAV attributable to the improvement for four years based on the Fair Cash Value (up to $75,000) of the improvement.

A property must be the principal residence of the owner and have new improvements (such as addition, patio, or deck) that increase the value of the property.

You need not file an application. Your Township Assessor will verify the amount to the County Assessment Office. If you have any questions contact your Township Assessor.

 

Persons with Disabilities Homestead Exemption

This exemption reduces the Equalized Assessed Value(EAV) by the amount of the exemption. For the current tax year, the reduction is $2,000.

To be eligible for the exemption, the taxpayer must be “unable to engage in any substantial gainful activity by reason of a medically determinable physical or medical impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months.”

A person becoming disabled during the assessment year is eligible in that same year.

Evidence that a taxpayer meets this condition includes:

  • A class 2 (or 2A) Illinois Persons with Disabilities Exemption
  • Identification Card from the Illinois Secretary of State’s Office. (Illinois Disabled Person Identification Card Application)
  • Proof of Social Security Administration disability benefits.
  • Proof of Veterans Administration disability benefits.
  • Proof of Railroad or Civil Service disability benefits.
  • An examination by a physician (must meet the same standards as used by the Social Security Administration). (Physicians Statement Form)

An eligible taxpayer must occupy the property as their primary residence as of January 1 of the assessment year, must be liable for paying the real estate taxes and must be an owner of record or have a legal or equitable interest in the property as evidenced by a written instrument

A taxpayer may not claim the exemption if they claim the Disabled Veterans Homestead Exemption (35ILCS 200/15-169).

You must apply for the exemption with the County Assessment Office. You can get an application here (Persons with Disabilities Homestead Exemption Form) or you can call (630)208-3818 and one will be mailed to you.

After the initial application is approved, you will be mailed a renewal form each subsequent year.

 

Senior Citizens Homestead Exemption

Retired Couple on Social SecurityThis exemption reduces the Equalized Assessed Value(EAV) by the amount of the exemption. For the current tax assessment year, the reduction is $5,000.

A property must be the principal residence of the owner, and the owner must be 65 or older by December 31 of the tax assessment year. Exemptions may also be available for cooperatives and qualified life-care facilities. Contact the County Assessment Office for more information.

You must apply for the exemption with the County Assessment Office. You can get an application here (Senior Citizen Exemption Form) or you can call (630)208-3818 and one will be mailed to you. Starting in 2009, after the initial application is approved, this exemption will automatically renew. You will be mailed a Senior Citizen Assessment Freeze Homestead Exemption application each subsequent year in the event you may qualify for this exemption.

 

Senior Citizens Assessment Freeze  Homestead Exemption

This exemption effectively freezes your assessment at a base year causing your net assessment not to increase. This does not freeze your taxes, only your assessment.

A property must be the principal residence of the owner for the beginning of two consecutive years, and the owner must be 65 or older by December 31 of the tax assessment year and meet certain household income requirements. For 2018, the maximum household income for this exemption was increased to $65,000. For 2017, the maximum household income for this exemption is $55,000.

You must apply for the exemption with the County Assessment Office. You can get an application here (Senior Assessment Freeze Homestead Exemption Form) or you can call (630)208-3818 and one will be mailed to you. After the initial application is approved, you will be mailed a renewal form each subsequent year.

 


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

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Important Tax Due Dates For Cook, DuPage, and Kane Counties

Cook County
Taxpayers should have received a tax bill the first week of February.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 312-603-5656 to request a duplicate bill.

1st Installment was due on March, 1 2016
2nd Installment is due on varying dates each year, depending on data prepared by other counties. Last year it was due on August 3, 2015.

Check on a Cook County property.

DuPage County
Taxpayers should have received a tax bill the first week of May.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 630-407-5900 to request a duplicate bill.

1st Installment is due on June 1st, 2016
2nd Installment is due on September 1st, 2016

Check on a DuPage County property.

Kane County
Taxpayers should have received a tax bill the first week of May.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 630-232-3565 to request a duplicate bill.

1st Installment is due on June 1, 2016
2nd Installment is due on September 1, 2016

Check on a Kane County property.

Title Indemnities (TI)
Title Indemnities for the first group of 2015 Real Estate Property Taxes will start in/around April 2016 for the following counties: DeKalb, DuPage, Kane, Kendall, Lake, LaSalle, McHenry, and Will.