Property Tax Exemption (30-49% Disabled)
$2,500 reduction in Equalized Assessed Value for veterans with 30-49% disability rating.
Who qualifies
- Requires 30%+ VA disability rating
- Illinois residency
Details
Overview
Eligibility (per 35 ILCS 200/15-169): Illinois resident veteran with a USDVA-certified service-connected disability of at least 30% but less than 50%; must own or lease and occupy a single-family residence as primary residence and be liable for payment of property taxes. The property's total EAV must be less than $250,000 after subtracting any portion used for commercial purposes.
Exemption
$2,500 annual reduction in Equalized Assessed Value (EAV).
Filing
Form PTAX-342 must be filed each year by July 1 with your Chief County Assessment Office.
Surviving spouses
Un-remarried surviving spouses of qualifying deceased veterans may continue or transfer the exemption.
Always confirm current rates and rules with the Illinois state agency before applying.
Other Illinois Tax Benefits
Returning Veterans' Homestead Exemption
$5,000 reduction in Equalized Assessed Value for two years for veterans returning from active duty in armed conflict.
$5,000 off assessed value for 2 years
Property Tax Exemption (50-69% Disabled)
$5,000 reduction in Equalized Assessed Value for veterans with 50-69% disability rating.
$5,000 off assessed value
Property Tax Exemption (70%+ Disabled)
For veterans with 70%+ service-connected disability, the first $250,000 of Equalized Assessed Value of the residential property is exempt from property taxation.
First $250,000 of EAV exempt (full exemption for most homes)
See every benefit you qualify for in Illinois
Get a personalized list of federal, state, and local veteran benefits based on your service history, disability rating, and Illinois residency — in under 2 minutes.
Find My Illinois Benefits