Illinois 2016 Farm affidavit

State:
Illinois
Control #:
IL-SKU-1967
Format:
PDF
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Description

2016 Farm affidavit

The Illinois 2016 Farm Affidavit is a document used by farmers in the state of Illinois to claim various tax exemptions or credits. It is used to certify that a farm meets the requirements of the Illinois Department of Agriculture for a farm to qualify as a farm for the purpose of claiming certain tax benefits. The affidavit is also used to determine whether a farm qualifies for the Illinois Farmland Assessment Law. There are two types of Illinois 2016 Farm Affidavit: the Farmland Assessment and the Farmland Exemption. The Farmland Assessment affidavit is used to certify that a farm meets the requirements of the Farmland Assessment Law, while the Farmland Exemption affidavit is used to certify that a farm meets the requirements of the Farmland Exemption Law. Both affidavits must be completed and signed by the owner or operator of the farm to be associated with the appropriate tax benefits.

How to fill out Illinois 2016 Farm Affidavit?

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FAQ

Filling out the Illinois small estate affidavit form involves listing all the deceased person's assets and debts in a straightforward manner. You will need to provide details about the estate's total value, which should not exceed the stipulated limit set by Illinois law. Make sure to include accurate information, as this determines the ease of transferring assets without probate. For further assistance, consider USLegalForms, which can provide templates and guidance to complete the Illinois 2016 Farm affidavit if applicable.

Most senior homeowners are eligible for this exemption if they are 65 years of age or older (born in 1957 or prior) and own and occupy their property as their principal place of residence. Once this exemption is applied, the Assessor's Office automatically renews it for you each year.

Senior Citizens Real Estate Tax Deferral Program allows persons 65 years of age and older, who have a total household income of less than $65,000 and meet certain other qualifications, to defer all or part of the real estate taxes and special assessments on their principal residences.

Properties of religious, charitable, and educational organizations, as well as units of federal, state and local governments, are eligible for exemption from property taxes to the extent provided by law.

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.

Most senior homeowners are eligible for this exemption if they are 65 years of age or older (born in 1957 or prior) and own and occupy their property as their principal place of residence. Once this exemption is applied, the Assessor's Office automatically renews it for you each year.

The Class 7b classification is designed to encourage commercial development throughout Cook County by offering a real estate incentive for the development of new commercial facilities, the rehabilitation of existing commercial structures, and the commercial reutilization of abandoned buildings on properties that have

Cook County Class 9 Program offers a 50% reduction in assessments and taxes to developers who complete major rehab on multifamily buildings and keep rent below certain levels.

The Home Improvement Exemption allows a homeowner to add improvements to their home that add to its value (for example, by increasing the building's square footage, or repairing after structural flood damage) without being taxed on up to $75,000 of the added value for up to four years. No application is required.

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Illinois 2016 Farm affidavit