Illinois Disabled Veterans Exemption is a tax relief program available to disabled veterans who are residents of Illinois. This exemption provides an annual exemption of up to $5,000 of the assessed value of the veteran's primary residence. This exemption applies to all property taxes and special assessments levied against the veteran's primary residence. There are three types of Illinois Disabled Veterans Exemption: the Disabled Veterans Standard Exemption, the Disabled Veterans Homestead Exemption, and the Disabled Veterans Total and Permanent Exemption. The Disabled Veterans Standard Exemption applies to veterans who have been disabled as a result of their service in the Armed Forces, and are receiving 10% or more disability benefits from the U.S. Department of Veterans Affairs. The Disabled Veterans Homestead Exemption applies to veterans who have been disabled as a result of their service in the Armed Forces, and are receiving 50% or more disability benefits from the U.S. Department of Veterans Affairs. The Disabled Veterans Total and Permanent Exemption applies to veterans who have been completely and permanently disabled as a result of their service in the Armed Forces, and are receiving 100% disability benefits from the U.S. Department of Veterans Affairs.
Illinois Disabled Veterans Exemption
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Veterans or surviving spouses of veterans with at least 30% service-connected disability, but less than 50%, will receive a $2,500 annual exemption (reduction to equalized assessed value (EAV)).
Veterans or surviving spouses of veterans with a service-connected disability of 70% or more will be exempt from paying property taxes on their primary residences (100% reduction in EAV).
Summary of Illinois Military and Veterans Benefits: Illinois offers special benefits for Service members, Veterans and their Families including property tax exemptions, exemptions for specially adapted housing and mobile homes, state employment preferences and assistance, education and tuition assistance, special
Summary of Illinois Military and Veterans Benefits: Illinois offers special benefits for Service members, Veterans and their Families including property tax exemptions, exemptions for specially adapted housing and mobile homes, state employment preferences and assistance, education and tuition assistance, special
Veterans 70% or more disabled receive an EAV reduction of $250,000, and because of this can be totally exempt from property taxes on their home. The automatic renewal of this exemption due to the COVID-19 pandemic has ended. All applicants must reapply annually.
Illinois does not tax military pay earned by service persons.
Standard Homestead Exemption for Veterans with Disabilities This veteran with a disability must own or lease a single family residence and be liable for payment of property taxes. The property's total EAV must be less than $250,000 after subtracting any portion used for commercial purposes.