Standard Homestead Exemption for Veterans with Disabilities (SHEVD)
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.
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.
- Have owned and occupied the property as the primary residence on or before January 1st of the tax year.
- Supply documentation as required by the instructions on the back of the form.
- 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 requirements:
- Sell the disabled veteran's previous homestead property before transferring this exemption to his or her new primary residence.
- Own and occupy the property as a primary residence and hold a legal or beneficial title to the property on January 1 of the assessment year.
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 Smartfile E-Filing Portal at assessor.lakecountyil.gov
- Log into your account, create a new account, or log in as a guest
- Click "Available Filings" and choose "EX - Homestead Exemption Form" if you are a first-time applicant, or "EX - Homestead Renewal" if you are applying to renew your exemption
- Click "Begin Filing"
- Enter the tax year 2021 (for renewals only), and your property PIN, 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 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.