Disabled Veterans Standard Exemption

Provides a reduction in a property's EAV to a qualifying property owned by a veteran with a service-connected disability certified by the U.S. Department of Veterans' Affairs. A $2,500 homestead exemption is available to a veteran with a service-connected disability of at least 30% but less than 50% or a $5,000 homestead exemption is available to a veteran with a service-connected disability of at least 50% but less than 70%. A total exemption from taxes is granted if the percentage of service-connected disability is at least 70%. Percentages from 70% or more covers the first $250,000 of EAV of the residential property is exempt from taxation under this code. Anything over will become taxable.

To qualify for this exemption, you must:

• Own and occupy the property during the assessment year.
• Be an Illinois resident who has served as a member of the U.S. Armed Forces (on active duty or state active duty), Il. 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.
• The surviving spouse of a disabled veteran can continue to receive this exemption on the property, or transfer the exemption to a new primary residence (only 1 transfer allowed, and previous property must be sold first) if the following conditions are met: - Must not be remarried; - Must own and occupy the property during the assessment year.

Apply for the exemption at the Chief County Assessors Office, or download the application (PDF).

Note: This exemption must be renewed each year.