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.
At a glance
- Benefit type
- Tax Benefits — Illinois
- Who it's for
- Veterans, Survivors
- VA rating needed
- 70% or higher
- Estimated value
- First $250,000 of EAV exempt (full exemption for most homes)
- Where it applies
- Illinois
- Last verified
- May 12, 2026
What is Property Tax Exemption (70%+ Disabled)?
Property Tax Exemption (70%+ Disabled) is a Illinois tax benefits benefit for veterans, survivors. For veterans with 70%+ service-connected disability, the first $250,000 of Equalized Assessed Value of the residential property is exempt from property taxation. Requires 70%+ VA disability rating. The listed value is First $250,000 of EAV exempt (full exemption for most homes).
Who qualifies
- Requires 70%+ VA disability rating
- Illinois residency
What Property Tax Exemption (70%+ Disabled) covers
Overview
Eligibility (per 35 ILCS 200/15-169): Illinois resident veteran with a USDVA-certified service-connected disability of 70% or more; 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
The first $250,000 of EAV of the residential property is exempt from taxation. For most qualifying homes (EAV below $250,000), this results in a full property tax exemption.
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.
Verified information & sources
Last verified: May 12, 2026
Official source: tax.illinois.gov
Compiled and fact-checked against the official source linked above. Benefit rules and dollar amounts change over time — always confirm current details at the official source before applying. A county Veterans Service Officer (VSO) is a free, accredited advocate who can review your eligibility and help you file at no cost.
Frequently asked questions about Property Tax Exemption (70%+ Disabled)
Who qualifies for Property Tax Exemption (70%+ Disabled)?▾
What VA disability rating do I need for Property Tax Exemption (70%+ Disabled)?▾
How much is Property Tax Exemption (70%+ Disabled) worth?▾
How do I apply for Property Tax Exemption (70%+ Disabled)?▾
Where can I verify Property Tax Exemption (70%+ Disabled)?▾
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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