Cutting those Real Estate Taxes - here are a couple ways!

General Homestead Exemption (GHE) in Illinois

This annual exemption is available for residential property that is occupied as the principal dwelling place of the owner, or a lessee with a legal or equitable interest in the property with a single-family residence, who is liable for the payment of the property taxes on the leased property (sometimes called a 'net' lease).

The amount of exemption is the increase in the current year’s equalized assessed value (EAV), above the 1977 EAV, up to a maximum $6,000 reduction in the EAV. This General Homestead Exemption is available in all Illinois counties except Cook County and may be granted automatically or may require an initial application (PTAX-343) to be filed with your County Assessor's Office in the township where your house is located.

Eligibility requirements ~

1) Owned and occupied as the primary residence as of January 1st of the assessment year
2) be disabled or became disabled during the assessment year
3) your spouse can apply if you are under Nursing Home Care and reside in a facility receiving care OR your residence remains unoccupied during the assessment year because you are in a Nursing Home

Bloomingdale Township
Kane County Application

Other exemptions available for Disabled Persons or Veterans ~

Disabled Veterans Homestead Exemption - up to a $70,000 reduction in assessed value for federally approved adapted housing. (35 ILCS 200/15-165)

Disabled Persons Homestead Exemption - annual $2000 reduction in the property's Equalized Assessed Valuation. (35 ILCS 200/15-168)

Disabled Veterans Standard Homestead Exemption - annual $2500 or $5000 reduction in property's Equalized Assessed Valuation. (35 ILCS 200/15-169)


Take your application to the County Assessor's Office where your home is located to apply.