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WERE YOU BORN IN 1945 OR BEFORE?
If you or one of the owners of your home were born in 1945 or
earlier and the home is occupied as the primary residence you
are entitled to exemptions that will reduce your taxable assessment.
You don’t have to wait until both owners are 65.
1. The Annual Homestead Exemption reduces the taxable assessment by
$6,000.
2. The Elderly Homestead Exemption reduces the taxable assessment by
$4,000.
3. The Senior Assessment Freeze actually freezes the assessment as
long as the owner qualifies per the financial and ownership
requirements within the exemption.
There are other programs available such as the Senior Citizen Real
Estate Tax Deferral and the Circuit Breaker that provide for
reductions in real estate taxes payable.
If you were born in 1946
you are the first year of the ‘Baby
Boomers’ and
won’t qualify for the Senior exemptions until 2011.
SENIOR ASSESSMENT FREEZE – 2010
Green colored Senior Assessment Freeze forms will be mailed from the
county in late February to early March to anyone already receiving
the exemption. The form
must be completed using 2009 income information, signed, notarized
and submitted to the county by July 1, 2010.
Since this exemption is based on income which could vary from
year to year, it must be applied for each year to remain in place.
If this is the first year you qualify we will have blank forms
in the township office after
Easter for your use.
Whether you are a first time applicant or an annual renewal, we can
provide help. Just
bring your 2009 income information into our office (including Social
Security statements) and we’ll get the form completed and notarize
your signature. We will
make a copy for your files and mail the original to the county.
We make house calls if someone is housebound.
Call the office at 815-385-0175 to set up an appointment.
If you have any questions, just give us a call.
We’ll try and help you through the process.
Be sure to check the Property Search
page; the link is listed in the left-hand column.
This year programming changes were made that show the type of
sale, whether it was a short sale, foreclosure or one of the other
many types of sales possible.
Next to the type of sale is a lower-case ‘i’ that if you
hover your cursor over it, a brief description of the sales
types will appear.
Also
included in this change, in the lower right corner, the numbers for additional parcels for a multi-parcel sale are now
listed.
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Please
remember, according to State of
Illinois Statutes,
we are to assess property at one-third market value.
We are not allowed to assess on individual situations
or the ability to pay. We
are not allowed to ‘step in’ increases over time during
the reassessment process. |
Sincerely,
Carol Perschke, CIAO/I
McHenry Township Assessor
815.385.0175
assessor@mchenrytownship.com
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