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  • Ptax 342 Form 2017

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PTAX-342 Front N-11/07 IL-492-4535 Form PTAX-342 General Information What is the Disabled Veterans Standard Homestead Exemption DVSHE The Disabled Veterans Standard Homestead Exemption 35 ILCS 200/15-169 provides an annual reduction in the equalized assessed value EAV of the primary residence occupied by a disabled veteran on January 1 of the assessment year. PTAX-342 Application for Disabled Veterans Standard Homestead Exemption DVSHE Step 1 Com.

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Taxpayers whose primary residence is a single-family home, townhouse, condominium, co-op or apartment building (up to six units) are eligible. First-time applicants must have been the occupants of the property as of January 1 of the tax year in question.

The Senior Citizen Homestead Exemption reduces the assessed value of your property by $5,000 and is available for a residence owned and occupied by a person 65 or older during the tax year.

Form PTAX-342, Application for Standard Homestead Exemption for Veterans with Disabilities, must be submitted to • initially apply for the SHEVD, • transfer the SHEVD to the surviving spouse for the first year after the death of the veteran with a disability, or • transfer the SHEVD to a new primary residence.

The purpose of this Act is to provide incentives to senior citizens and persons with disabilities in this State to acquire and retain private housing of their choice and at the same time to relieve those citizens from the burdens of extraordinary property taxes against their increasingly restricted earning power, and ...

A veteran is eligible to receive the exemption for another tax year in which the veteran returns from active duty. Applicants must file a Form PTAX-341, Application for Returning Veterans' Homestead Exemption, with the Chief County Assessment Office.

Property tax exemptions are provided for owners with the following situations: Homeowner Exemption. Senior Citizen Exemption. Senior Freeze Exemption.

A Person with Disabilities Exemption is for persons with disabilities and provides an annual $2,000 reduction in the equalized assessed value (EAV) of the property.

Download PTAX-342 form here. This program allows persons 65 years of age and older, who have a total household income of less than $50,000 and meet certain other qualifications, to defer all or part of the real estate taxes and special assessments on their principal residences.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232