Property Tax Exemption (70%+ Disabled)
Exemption on the first $250,000 of EAV for veterans with 70%+ disability rating, effectively a full exemption for most homes.
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Apply directly through the official Illinois agency.
About this benefit
Eligibility
Illinois resident; 70%+ service-connected disability certified by the VA; must own and occupy the property as primary residence.
Exemption
Full exemption on the first $250,000 of Equalized Assessed Value (EAV). This effectively eliminates property taxes for most homeowners.
Filing
Must be filed annually (PTAX-342 form) with your county Supervisor of Assessments.
Verified against official source
Last checked 2026-05-04 against tax.illinois.gov. 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 (30-49% Disabled)
$2,500 reduction in Equalized Assessed Value for veterans with 30-49% disability rating.
$2,500 off assessed value
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
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