What is a Disabled Veterans Exemption and who qualifies?
Under this program, up to $58,000 of the equalized assessed value of a home owned by a qualifying veteran, or the veteran’s spouse or unmarried surviving spouse is exempt from property taxes. To qualify for this exemption, you must: ▪ Have served in the Armed Forces of the United States. ▪ Have a disability of such nature that the Federal Government has authorized payment for the purchase or construction of housing which has special adaptations to meet the needs of the disability. How do I establish a Disabled Veterans Exemption? You apply for this exemption through the Illinois Department of Veterans’ Affairs. Once the exemption has been approved the County Assessment Office and the Township Assessor are notified by the Illinois Department of Revenue. Please note that this exemption must be renewed each year. You may obtain the required forms from the: Illinois Department of Veterans Affairs In Rockford or Woodstock, Illinois. Disabled Veterans’ Standard The disabled Veterans’ Standar
