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Departments: Assessment Office

Exemptions

Homestead Exemptions Available to DeKalb County Residents

Homestead exemptions are annual reductions of assessed value on property that is occupied as a primary residence. You must own or have a legal interest in the property to qualify for homestead exemptions. Listed below are the available exemptions.

All of these exemptions may be filed for the 2020 year through December 31, 2020.

  • Owner Occupied Homestead Exemption Limited: Is an exemption of up to $6,000 off the equalized assessed value of property. To qualify, person must own and occupy, or have a legal interest in and occupy, as their primary residence January 1 of any given year. This is a one-time application and does not need to be renewed annually. For new construction property the exemption may be pro-rated if not receiving elsewhere.
  • Senior Citizen Homestead Exemption: Is an exemption available to all senior citizens, (65 years of age and older) that own and occupy, or have a legal interest in and occupy, as their primary residence. This exemption is $5,000 off the equalized assessed value of property. Person may file for this exemption anytime during the year they turn 65. This is a one-time application and does not need to be renewed annually. This exemption may be pro-rated from the date of occupancy if not receiving elsewhere.
  • 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 each qualifying year for the exemption. The frozen value is established at the time of initial application. To qualify, you must be 65 years of age or older, have owned and lived in your home for at least the prior two January first’s, and have a total household income of $65,000 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. After the initial application is filed, a renewal application will be mailed and MUST be renewed annually. Senior citizens filing for this exemption are required to bring in their documentation of earnings for verification with their renewal application annually. There is no repayment of saved dollars when the exemption expires.
  • Homestead Exemption for Persons’ with Disability: Is an exemption of $2,000 off the equalized assessed value of property. Person must own and occupy property as their primary residence January 1 of the current assessment year, and have a qualified disability. Contact our office for required documentation to apply. This exemption MUST be renewed annually.
  • Standard Homestead Exemption for Veterans with Disabilities: Is an exemption for veterans with a service-connected disability, or for the un-remarried surviving spouse. To qualify, person must own and occupy the property as the primary residence during all or a portion of the assessment year or lease and occupy a single family residence during all or a portion of the assessment year and be liable for the payment of the property taxes to the county, be a veteran of be a veteran of the United States armed forces, and have at least a 30% combined-disability rating given by the United States Veterans’ Affairs office. Exemption percentage breakdown: 30% – 49% is $2,500; 50% – 69% is $5,000; 70% and above is tax exempt on homestead property only, beginning Jan 1, 2015. Contact our office for required documentation to apply. This exemption may be pro-rated from date of occupancy if not receiving elsewhere and must be renewed annually.
  • Returning Veterans’ Homestead Exemption: Is an exemption of $5,000 off the equalized assessed value of property for two consecutive assessment years, being year returned and following year from active duty in an armed conflict involving the armed forces of the United States. Person must own and occupy property as primary residence January 1 of year returned, or have purchased the property in year returned, applying exemption to following year only. Contact our office for required documentation to apply.
  • Accessibility Improvements to Residential Property – Accessibility improvements made to the residential property shall not increase the assessed valuation of the property for a period of 7 years after the improvements are completed. This exemption is available through your township assessor.
  • Natural Disaster Homestead Exemption – A homestead exemption shall be granted by the Chief County Assessment Officer for homestead properties containing a residential structure that has been rebuilt following a natural disaster occurring in the taxable year 2012 or any taxable year thereafter.
  • Leasehold Homestead Exemption – Is an exemption of up to $6000 off of the equalized assessed value of a property where a person(s) holds a legal Leasehold interest and occupancy.

Exemption forms can be submitted by mail, email or in person at the DeKalb County Chief County Assessment Office 110 E. Sycamore St., Sycamore, IL 60178 or email CCAO@dekalbcounty.org

Effect of Exemptions on a Tax Bill

 

 

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