Housing

Winnebago County Supervisor of Assessments: Veterans with Disabilities Homestead Exemption

The Winnebago County Supervisor of Assessments takes the Standard Homestead Exemption for Veterans with Disabilities on form PTAX-342: $2,500 of assessed value off at a 30-49% rating, $5,000 at 50-69%, and up to $250,000 at 70-100%, renewed annually except for a 100% veteran certified permanently and totally disabled, due December 31 at Room 301, 404 Elm Street, Rockford.

Also called: property tax, SHEVD, 15-169, PTAX-342, PTAX 342-R, December 31, Supervisor of Assessments, Rockford, EAV.

For: Veteran or service member, spouse, survivor.

Where it applies

Written for the jurisdictions listed here.

The exemption is State law, 35 ILCS 200/15-169; the Illinois entry on it explains the bands. The Winnebago County Supervisor of Assessments administers it: "Standard Homestead Exemption for Veterans with Disabilities (SHEVD) (35 ILCS 200/15-169)... provides property tax relief to qualifying veterans with service-connected disabilities." "An initial application is required and must be renewed annually to maintain eligibility... If a veteran has a combined service-connected disability rating of 100% and is deemed permanently and totally disabled, as certified by the United States Department of Veterans Affairs, annual renewal is not required." How much. "If disability level is from 30% to 49%, reduces the property's taxable value by $2,500 EAV. If disability level is from 50% to 69%, reduces the property's taxable value by $5,000 EAV. If disability level is from 70% to 100%, reduces the property's taxable value by up to $250,000 EAV." How. Forms: "Standard Homestead Exemption for Veterans with Disabilities Form (PTAX 342)"; renewal (PTAX 342-R). Submit to the "Supervisor of Assessments Office, 404 Elm St., Room 301, Rockford, IL 61101. Deadline: December 31st." Contact (815) 319-4460. The office's reports also track a Returning Veteran Exemption and WWII veterans' exemption rows beside the disabled veteran ones.

Thresholds

Thresholds for Winnebago County Supervisor of Assessments: Veterans with Disabilities Homestead Exemption
GateRule
30% to 100% service-connectedThe exemption bands by rating: $2,500 EAV at 30-49%, $5,000 at 50-69%, and up to $250,000 EAV at 70-100%.
Permanent and total at 100%A 100% veteran certified permanently and totally disabled by VA need not renew annually.

Sources

Updated

Last updated .

What changed then:

  • Link updated for “Illinois Compiled Statutes, 35 ILCS 200/15-169, homestead exemption for veterans with disabilities”.

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Disclaimer

VetTOC is not affiliated with the U.S. Department of Veterans Affairs or the Department of Defense. Information is for reference only and is not an eligibility determination. Verify with VA, the relevant state or territory, or an accredited VSO.