Standard Homestead Exemption for Veterans with Disabilities (SHEVD)

PTAX-342 &  PTAX-342-R

This exemption provides a reduction in equalized assessed value (outlined below) of a primary residence occupied by a veteran with a disability, or the veteran's surviving spouse. This exemption can be claimed in addition to the General Homestead Exemption and the Senior Homestead Exemption. However, it cannot be claimed in addition to the Disabled Veterans Exemption (specially adaptive housing) of $100,000, or the Homestead Exemption for Persons with Disabilities.

* Please note that this exemption must be renewed annually. *

To qualify a veteran must:

 

  • Be a Lake County, Illinois resident and have served in the United States Armed Forces, The Illinois National Guard, or U.S. Reserve Forces, and have received an honorable discharge.

  • Have at least a 30% service-connected disability certified by the U.S Department of Veterans' Affairs.

  • Have a total equalized assessed value (EAV) of less than $250,000.

  • Have owned and occupied the property as the primary residence on or before January 1st of the tax year.

  • Supply documentation as required by the instructions on the back of the form.

  • An un-remarried surviving spouse of a disabled veteran can continue to receive this exemption on his or her spouse's homestead property or transfer the exemption to a new primary residence.

    To qualify, the surviving spouse must meet the following requirements:

    • Sell the disabled veteran's previous homestead property before transferring this exemption to his or her new primary residence.

    • Own and occupy the property as a primary residence and hold a legal or beneficial title to the property on January 1 of the assessment year.

    • Have a total equalized assessed value (EAV) of less than $250,000.

 

 

The benefit of the exemption is as follows:

 

  • A disabled veteran with a 70% or higher service-connected disability will be tax exempt.

  • A disabled veteran with at least 50%, but less than 70% service-connected disability will receive a $5,000 reduction in the property's EAV.

  • A disabled veteran with at least 30%, but less than 50% service-connected disability will receive a $2,500 reduction in property's EAV.

 

 

This exemption is limited to residential property with an equalized assessed value of less than $250,000.

 

If you are applying for this exemption and the property is held in trust, the law requires that we verify the applicant is a beneficiary of that trust. The exemption cannot be applied without this verification. Please include a copy of that part of the trust agreement which states that the applicant is the beneficiary. This can usually be found on the first few pages of the trust document.

Please note that this exemption will require annual verification of eligibility. The Chief County Assessment Office will mail the appropriate forms each year to all disabled veterans or their surviving spouses who received the exemption in the prior year.

Documents required:

-  Current Valid Drivers license. Address must match the property address. 

Form DD 214

-  Annual letter from the Veteran's Affair stating percentage of disability

Social Security Administration Benefits it must indicate that the benefits are for disability

Trust Agreement (Only needed if property is in a Trust)

Note:

If you file yourself online, you will need to upload copies of necessary documents including a copy of your Drivers license. Or you can bring them to our office and we can file for you.

How & Where to File

Call to Schedule Appointment & Visit Us

Antioch Township Assessor's Office  1490 Main St, Antioch IL 60071

847-395-1545

 ONLINE

First time Applicants

Sign up & Submit the Veterans With Disabilities Homestead Exemption Form ​Online

Annual Renewal Applicants

Submit the Veterans With Disabilities Homestead Exemption Renewal Form ​Online

 
 

Returning Veterans Homestead Exemption

This exemption provides a $5,000 reduction in the equalized assessed value of a veteran’s principal residence upon returning from active duty in an armed conflict involving the armed forces of the United States.

 

The benefit of the exemption is as follows:

 

  • The exemption is for two consecutive tax years, the tax year that the veteran returns from active duty in an armed conflict involving the armed forces of the United States and the following year. A veteran who acquires a principal residence after January 1 of the year he or she returns home is eligible for the exemption on the principal residence owned and occupied on January 1 of the following tax year.

 

To qualify, applicants 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,

  • have returned from active duty in an armed conflict involving the armed forces of the U.S.,

  • have owned or had a legal or equitable interest in the land on which a single-family residence is situated and used as your principal place of residence on January 1 of the assessment years, and be liable for the payment of the property taxes.

  • If you were discharged from active duty, Supply a copy of your DD214

  • If you are still on active duty, Supply a copy of your most recent military orders and travel voucher showing the date of your return.

 

The documents must state that you are returning from an armed conflict involving the U.S Armed Forces within the tax year for which you are requesting the exemption.

If you are applying for this exemption and the property is held in trust, the law requires that we verify the applicant is a beneficiary of that trust. The exemption cannot be applied without this verification. Please include a copy of that part of the trust agreement which states that the applicant is the beneficiary. This can usually be found on the first few pages of the trust document.

Applications

A veteran is eligible to receive the exemption for another tax year in which the veteran returns from active duty. Applicants must file a Form PTAX-341, Application for Returning Veterans’ Homestead Exemption, with the Chief County Assessment Office or your local township assessor’s office.

 

 

Current Military Exemption

Deferment Information

Military personnel on active duty out-of-state or overseas for extended periods that include the due date for real-estate taxes are eligible to defer payment of their taxes under the provisions of the Soldiers’ and Sailors’ Civil Relief Act and related Illinois statutes.

Instead of the penalties, costs and fees for real-estate taxes normally imposed under Illinois law, the penalties can be waived through 180 days after the return from active duty of the member of the military who owns the real estate in question.

This application form may be completed by the military service person, his/her adult dependent or any other individual authorized by the service person to act on his/her behalf.

Please complete the information below, attach a copy of the military order and file the form with the Lake County Treasurer’s Office.

 

Property Tax Relief for Military Personnel (PDF)