| Type of Deduction |
Qualifications |
Assessment
Reduction Amount |
When must you Renew? |
Contact |
| |
General Homestead
Exemption |
1.) Owner Occupied Property* |
Up to $6,000.00 |
Not required after initial application. |
County Assessors' Office
(618) 692-6270 |
Senior Citizens
Homestead Exemption |
1.) Owner Occupied Property*
2.) 65 or older by December 31, 2009 |
$4,000.00 |
Annually |
County Assessors' Office
(618) 692-6270 |
Homestead
Improvement
Exemption |
1.) Owner Occupied Property*
2.) If your assessment has increased due to a new improvement |
A four year exemption on the increase in
assessed value due to the new improvement up to $25,000 per year |
Once for each added improvement |
Board of Review
(618) 692-6210 |
Senior Citizen's
Property Assessment
Freeze |
1.) Owner
Occupied Property January 1, 2008
2.) 65 or older by December 31, 2009
3.) Annual household income less than $55,000.00 |
Assessment is frozen at its value in the
year prior to the initial application |
Annually |
County Assessors' Office
(618) 692-6270 |
Fraternal Organization Freeze
(pending established charter dates) |
Property owned and used by a fraternal
organization whose members provider financial support for charitable
works |
Assessment will be frozen at 15 percent of
that property's assessed value |
Annually |
County Assessors' Office
(618) 692-6270 |
Veterans
Organizational Freeze |
Property owned and used by a veterans
organization on which is located the principal building for the post,
camp, or charter |
assessment will be frozen at 15 percent of
that property's assessed value |
Annually |
County Assessors' Office
(618) 692-6270 |
|