Illinois Expands Property Tax Breaks to Include World War II Veterans

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Illinois Expands Property Tax Breaks to Include World War II Veterans

Illinois has recently enacted important changes to property tax exemptions aimed at supporting veterans, notably those who served during World War II. These legislative updates reflect a commitment to honor service members across Cook County and beyond.

Key Property Tax Exemptions for World War II Veterans

The Illinois Property Tax Code now includes specific exemptions for World War II veterans. Here are the critical details regarding these benefits:

Complete Exemption: World War II veterans are exempt from paying property taxes on their primary residences, regardless of disability status.
Surviving Spouses: Unmarried surviving spouses of World War II veterans are eligible for the same tax benefits due to service-connected death.

Veterans with Service-Connected Disabilities

Veterans with verified service-connected disabilities can also access property tax exemptions based on their disability rating:

30% to 49% Disability Rating: $2,500 reduction in home’s equalized assessed valuation (EAV).
50% to 69% Disability Rating: $5,000 exemption.
70% or Higher Disability Rating: Full exemption on up to $250,000 of EAV.

Application Process and Renewal

It’s crucial for property owners to understand the renewal process:

The automatic renewal of exemptions due to the COVID-19 pandemic has concluded.
Applicants must re-apply for the exemption each year.
Surviving spouses can either retain the exemption or transfer it to a new primary residence.

How to Apply for Property Tax Exemptions

Detailed eligibility criteria and information about the application process can be found on the Cook County Treasurer’s website. Veterans and their families are encouraged to visit for guidance.

These property tax exemptions are not only a form of financial relief but also a way to show appreciation to our veterans. By enhancing access to these benefits, Illinois strives to offer stability and security to those who served the nation. As Veterans Day approaches, it is a vital time to renew our commitment to support veterans and their families.