01/20/2026
Property Tax relief updates and reminders
Reminder-Illinois offers property tax relief for people with disabilities through the Homestead Exemption for Persons with Disabilities (HEPD), providing a $2,000 reduction in your home's assessed value, and potentially the Disabled Veterans' Exemption for qualifying veterans, with the HEPD available in addition to other exemptions like the General or Senior Homestead Exemptions, but not combined with the Disabled Veterans' Exemption. And new property tax relief updates for low income Seniors.
Great news for our senior citizen homeowners! To provide additional property tax relief to homeowners on fixed incomes who are 65 years of age or older, the newly revised statute will increase the maximum household income eligibility requirements. Beginning in 2026, the total maximum household income for the Low-Income Senior Citizen Assessment Freeze has been increased to $75,000 with additional increases in 2026, 2027 and 2028.
Updated Maximum Household Income
Tax Year- 2025- $65,000
Tax Year- 2026- $75,000
Tax Year- 2027- $77,000
Tax Year- 2028- $79,000
Benefits of Exemption
Property’s assessed value is “frozen” at a “base year”, meaning that the taxable value does not change, providing protection from increases in assessed value and resulting in a more stabilized property tax bill. Note: This exemption does not “freeze” your taxes, it only “freezes” your taxable assessed value.
Eligibility Requirements:
To be eligible the applicant must be 65 years of age or older; own and occupy the home as their primary residence on Jan. 1 of the past two years; and have a total household income of $75,000 or less (2026)
Required Documentation
The documentation required is a state-issued ID showing first Jan 1st ownership; 2025 Federal 1040 income tax forms for all people living in household; and trust documents proving beneficial interest (only applicable for those with homes owned in trust). This exemption must be renewed each year. Contact your local township assessor’s office on how to apply.