Grundy County Assessor: the Disabled Veterans’ exemptions on the Exemptions & Special Valuations page

The exemptions are the State's; see the Illinois entries. The Assessor's Exemptions & Special Valuations page prints them: "Disabled Veterans Homestead Exemption (DVHE) - This exemption provides up to a $70,000 reduction in assessed value for certain types of housing owned and used by a disabled veteran or his or her unmarried surviving spouse. The Illinois Department of Veterans Affairs determines the eligibility for this exemption, which must be reestablished annually. This exemption is also available on a mobile home owned used exclusively by a disabled veteran or their spouse. For a single tax year, the property cannot receive this exemption and the Disabled Persons Homestead Exemption or Disabled Veterans Standard Homestead Exemption." "Disabled Veterans Standard Homestead Exemption (DVSHE) - Public Act 95-644 that passed into law in 2007 created a new homestead exemption for disabled veterans beginning with the 2007 tax year (property taxes paid in 2008). This exemption is an annual reduction in EAV on the primary residence occupied by a qualified disabled veteran. The disabled veteran must own or lease a single family residence and be liable for the payment of the property taxes. The amount of the exemption depends on the percentage of the service-connected disability as certified by the U. S. Dept. of Veterans Affairs. For taxable year 2023 and thereafter: if the veteran has a service-connected disability of 30%-49% the annual exemption is $2,500; 50% - 69% service-connected disability the annual exemption is $5,000; 70% or more service-connected disability the first $250,000 in EAV (equalized assessed value) of the property is exempt from property taxation. Beginning with 2011 tax year (property taxes paid 2012), a new provision takes effect under Public Act 96-1298 that allows a disabled veteran to continue to receive the exemption if the veteran becomes a resident of a facility licensed under the Nursing Home Care Act or a facility operated by the United States Dept. of Veterans Affairs as long as the residence is occupied by the spouse or the residence is unoccupied but still owned by the veteran. Initial application Form PTAX-342 Application for Disabled Veterans Standard Homestead Exemption must be filed with the chief county assessment office. The Form PTAX-342-R, Annual Verification of Eligibility for Disabled Veterans Standard Homestead Exemption must be filed each year to continue to receive the exemption. For a single tax year, the property cannot receive this exemption and the Disabled Persons Homestead Exemption or Disabled Veterans Homestead." The page also prints the county's property-tax-relief context - the General Homestead Exemption and the Disabled Persons Homestead Exemption (PTAX-343/-343-R) with the same mutual-exclusion rule.