All exemptions listed below are available through the DeKalb County Supervisor of Assessments Office, 110 East Sycamore Street, Sycamore IL 60178. Please call 815-895-7120 for additional information.
The Owner Occupied Homestead Exemption Limited .pdf is an exemption of up to $6,000 off the assessed value of your property. You must live in, and own or have a legal interest in, your property as of January 1 of any given year to qualify. This exemption must be applied for but no yearly renewals are necessary. On new construction the exemption will be pro-rated.
The Home Improvement Exemption is available for an added improvement (i.e. new garage, deck, central air, room addition, etc.), not general home maintenance, to an owner occupied property for up to $25,000 off the increased assessed value for up to four years. This exemption is automatically granted upon certification by the township assessor as to the assessed value and kind of improvement. No application is necessary.
The Senior Citizen Homestead Exemption is an exemption available to all senior citizens, (65 years and older) that live in, and own or have a legal interest in, their home. This exemption is worth $5,000 off the assessed value of the property. You may file for this exemption anytime during the year you turn 65. This must be applied for, but no yearly renewals are necessary. This exemption will be pro-rated from the date of occupancy.
The Senior Citizen Assessment Freeze Homestead Exemption allows qualified senior citizens to freeze the equalized assessed value of their property for tax purposes. Property taxes will be calculated against the frozen value every year you qualify for the exemption. The frozen value is established at the time of initial application. To qualify, you must be 65 or older, have lived in, and owned your home for at least the two prior January firsts, and have a total household income of $55,000 or less. This income includes ALL taxable Federal income, plus total Social Security (as shown on Form SSA-1099) earned the year prior to application by all individuals living in the household. Senior citizens filing for their initial exemption will be required to bring in their earnings documentation for verification. After the initial application is filed, an application will be mailed annually. There is no repayment of saved dollars when the exemption expires. The Supervisor of Assessments Office will be glad to help people fill out applications, notarize the application free of charge, and answer all questions.
There is an additional state program in which senior citizens may participate if certain qualifications are met.
The Homestead Exemption for Persons with Disabilities PTAX 343 fillable.pdf / printable.pdf is an exemption of $2,000 off the assessed value of your property. You must own, and live in, your property January 1 of the current assessment year, and have a qualified disability. Documentation to prove you are disabled is required. You can contact our office to find out what kind of documentation is needed. This exemption must be renewed every year. Annual Verification for Homestead Exemptions for Persons' with Disabilities PTAX 343R-fillable.pdf / printable.pdf
Beginning in tax year 2007 and after, this exemption is an annual reduction in EAV on the primary residence occupied by a qualified disabled veteran. The disabled veteran must own or lease a single family residence and be liable for the payment of the property taxes. The amount of the exemption depends on the percentage of the service-connected disability as certified by the U. S. Dept. of Veterans' Affairs. A qualified disabled veteran with a disability of the following will receive a reduction in their EAV: 30% - 49% will receive $2,500, 50% - 69% will receive $5,000, and 70% and above will become tax exempt beginning January 1, 2015.
An un-remarried surviving spouse of a deceased veteran can continue to receive the DVSHE on his or her spouse's primary residence or transfer the DVSHE to another primary residence after the veteran's original primary residence is sold, provided the DVSHE had previously been granted to the disabled veteran. The surviving spouse must occupy and hold legal or beneficial title to the primary residence on January 1 of the assessment year and submit a PTAX-342, Application for Disabled Veterans' Standard Homestead Exemption, to transfer the DVSHE. Beginning in tax year 2015, an un-remarried surviving spouse of a veteran killed in the line of duty is eligible for the DVSHE on his/her primary residence, even if the veteran did not previously qualify or obtain the DVSHE. The initial application Form PTAX-342, Application for Disabled Veterans' Standard Homestead Exemption, must be filed with the Chief County Assessment Office.
The Returning Veterans’ Homestead Exemption PTAX-341 .pdf is an exemption of $5,000 off the assessed value of your property. You must own and live in your property (or have had the intention of doing so) January 1 of the current assessment year, and have returned home from active duty and the following year. If you did not own a residence January 1 of the year you returned home, but purchased one during that year, you will be awarded the exemption for the year following your return home.
The Disabled Veteran Exemption PTAX-342-R fillable pdf ,must be filed each year to continue to receive the exemption. For a single tax year, the property cannot receive this exemption and the Homestead Exemption for Persons with Disabilities or Disabled Veterans' Exemption for Specially Adapted Housing. For more information contact the Chief County Assessment Office. This exemption must be renewed every year.