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PTAX-340 2014 Senior Citizens Assessment Freeze Homestead Exemption Application and Affidavit Last date to apply: July 31, 2014 Part 1: Applicant information (Please type or print.) 1 3 First name.

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How to fill out the Ptax 340 2014 Form online

The Ptax 340 2014 Form is essential for seniors seeking to apply for the Senior Citizens Assessment Freeze Homestead Exemption. This guide provides a step-by-step approach to filling out the form accurately and efficiently online.

Follow the steps to complete your Ptax 340 2014 Form online

  1. Press the 'Get Form' button to access the Ptax 340 2014 Form and open it in a convenient editor.
  2. In Part 1, fill in your personal information. Include your first name, middle initial, last name, social security number, mailing address, date of birth, area code, and phone number, along with your email address.
  3. In Part 2, provide property information. Enter the township, county, and property index number (PIN). Confirm if you or your spouse have received this exemption for this property in the past and note the base year if applicable.
  4. In Part 3, report your household income for 2013. List the income for you, your spouse, and all individuals living in your household across the specified fields. Calculate the total household income and ensure it does not exceed $55,000.
  5. In Part 4, complete the affidavit section. Mark the applicable statements regarding the property, your residency status, and that your total household income is $55,000 or less. Include information about any additional individuals residing in the property.
  6. Sign and date the form in the space provided. Ensure your application is notarized before submission.
  7. Finally, save your changes, download a copy of the form, and print it. Submit the form to your Chief County Assessment Officer (CCAO) at the address provided.

Complete your Ptax 340 2014 Form online today to secure your benefits.

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Click Here for Form 2023 (PTAX-340) This exemption allows senior citizens who have a total household maximum income of less than $65,000 and meet certain other qualifications to elect to maintain the EAV of their homes at the base year EAV and prevent any increase in that value due to inflation.

In Cook County, the amount of the exemption is the difference between your base year EAV and your current year EAV or $2,000 whichever is greater. Freezing your property's EAV does not mean that your property taxes will not increase, however. Other factors also affect your tax bill.

The Illinois Property Tax Credit is a credit on your individual income tax return equal to 5 percent of Illinois Property Tax (real estate tax) you paid on your principal residence. You must own and reside in your residence in order to take this credit.

Illinois Property Tax Rates CountyMedian Home ValueAverage Effective Property Tax RateMadison County$138,5002.05%Marion County$81,6001.85%Marshall County$105,7002.32%Mason County$87,6002.20%89 more rows

The Senior Citizens Assessment Freeze Homestead Exemption (35 ILCS 200/15-172) allows you, as a qualified senior citizen, to have your home's equalized assessed value (EAV) “frozen” at a base year value and prevent or limit any increase due to inflation.

Each year applicants must file a Form PTAX-340, Low-income Senior Citizens Assessment Freeze Homestead Exemption Application and Affidavit, with the Chief County Assessment Office.

PTAX 340 (Property Tax Assessment and Collection) is a property assessment and collection program administered by Tazewell County, Illinois. It is designed to assess and collect all property taxes due to the county. It also provides information to taxpayers on their tax bills, payment options, and other related topics.

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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
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
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 WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
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