Standard Homestead Exemption for Veterans with Disabilities (SHEVD)

Benefit:


This exemption provides a reduction in equalized assessed value (outlined below) of a primary residence occupied by a veteran with a disability, or the veteran's surviving spouse. This exemption can be claimed in addition to the General Homestead Exemption and the Senior Homestead Exemption. However, it cannot be claimed in addition to the Disabled Veterans Exemption (specially adaptive housing) of $100,000, or the Homestead Exemption for Persons with Disabilities.

  • A disabled veteran with a 70% or higher service-connected disability will be tax exempt.
  • A disabled veteran with at least 50%, but less than 70% service-connected disability will receive a $5,000 reduction in the property's EAV.
  • A disabled veteran with at least 30%, but less than 50% service-connected disability will receive a $2,500 reduction in property's EAV.
Beginning in 2023 (payable in 2024)The Public Act 102-0895 includes an end to annual reapplications for SHEVD for veterans with a combined service-connected disability rating of 100% and is deemed to be permanently and totally disabled, as certified by the United States Department of Veteran Affairs.

To Qualify:


To qualify, applicants must:
  • Be a Lake County, Illinois resident and have served in the United States Armed Forces, The Illinois National Guard, or U.S. Reserve Forces, and have received an honorable discharge.
  • Have a total equalized assessed value (EAV) of less than $250,000
  • Attach documentation as outlined in the application
An un-remarried surviving spouse of a disabled veteran can continue to receive this exemption on his or her spouse's homestead property or transfer the exemption to a new primary residence. To qualify, the surviving spouse must meet the following requirement:
  • Sell the disabled veteran's previous homestead property before transferring this exemption to his or her new primary residence
  • If the surviving spouse sells the property, an exemption not to exceed the amount granted from the most recent ad valorem tax roll may be transferred to his or her new residence as long as it is used as his or her primary residence and he or she does not remarry.

To Apply:


All applications must be submitted online through the Smartfile E-Filing Portal. 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. An annual verification of eligibility must be filled out each year in order to continue to receive the exemption. The Chief County Assessment Office will mail a reminder each year to all applicants who received the exemption the prior year. 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”

    • EX01: Homestead Exemption Application (First time applicant only) or

    • EX03: Disabled Persons or Disabled Veterans Renewal

  • Click “Begin Filing” and follow the instructions

Properties Held in Trust

 
When you are applying for a new exemption and the property is held in trust, we must verify that the applicant is a current living beneficiary of that trust. The exemptions cannot be applied without this verification. Please include a copy of that part of the actual trust agreement which states that the applicant is a beneficiary. This can usually be found on the first few pages of the trust document. Should you have any questions, please feel free to contact us directly at 847-377-2100.