Illinois PTaX-342-R annual Verification of Homestead Exemption for Veterans with Disabilities

• Category: Illinois Local County - Peoria - Assessments
• State: Illinois
• Control #: IL-SKU-3684
• Format: PDF

Description

PTaX-342-R annual Verification of Homestead Exemption for Veterans with Disabilities Illinois PTaX-342-R annual Verification of Homestead Exemption for Veterans with Disabilities allows qualifying veterans with disabilities to reduce their property tax bill by exempting a portion of their primary residence from taxation. This exemption is available to veterans with a service-connected disability rating of 30% or greater. There are two types of verification: (1) Initial Verification and (2) Annual Verification. Initial Verification is required for new applications, while Annual Verification must be completed annually to renew the exemption. The form includes information such as the veteran's name, address, disability rating, and a signed certification verifying the veteran is still a qualifying disability veteran. The form must be signed and dated by both the veteran and the county assessor.

Illinois PTaX-342-R annual Verification of Homestead Exemption for Veterans with Disabilities allows qualifying veterans with disabilities to reduce their property tax bill by exempting a portion of their primary residence from taxation. This exemption is available to veterans with a service-connected disability rating of 30% or greater. There are two types of verification: (1) Initial Verification and (2) Annual Verification. Initial Verification is required for new applications, while Annual Verification must be completed annually to renew the exemption. The form includes information such as the veteran's name, address, disability rating, and a signed certification verifying the veteran is still a qualifying disability veteran. The form must be signed and dated by both the veteran and the county assessor.