Following the Illinois Property Tax Code, this exemption lowers the equalized assessed value of the property by $8,000. These changes will be reflective for 2023 payable in 2024.
All applications must be submitted online through the Smartfile E-Filing Portal. There is no annual renewal for this exemption. Applicants will need to provide proof of residency (ex. driver's license, state ID).
You can receive assistance by phone or in person by calling or visiting the Chief County Assessment Office or the local township assessor’s office. To start the application process:
Go to the Chief County Assessment Office Smart E-Filing Portal at assessor.lakecountyil.gov
Log in to your account, create a new account, or log in as a guest
Click “Available Filings”
Click “Begin Filing” and follow the instructions
35 ILCS 200/15-175