Former members of the military with a service-connected disability that is certified by the U.S. Department of Veterans Affairs may be eligible for the Disabled Veterans Standard Homestead Exemption for their primary residence. This annual exemption reduces
the Equalized Assessed Value (EAV) of a disabled veteran’s home, likely lowering the total tax bill. Surviving spouses who have not remarried are also eligible.
Veterans with a certified disability of:
- 30-49% can qualify for a $2,500 EAV reduction.
- 50-69% can qualify for $5,000 EAV reduction.
- 70% or more now can qualify for a 100% tax exemption.
To apply:
118 North Clark Street, Room 320
Chicago, IL 60602
312.443.7550
This exemption must be filed annually, however veterans who are determined by the U.S. Department of Veterans Affairs to be 100% disabled and classified as "permanently and totally disabled" will receive an automatic renewal of the exemption each year.
Follow this link for additional information regarding the World War II Veterans Exemption
Exemptions are reflected on the Second Installment tax bill. To check the exemptions you are receiving, go to Your Property Tax Overview