Friday, December 3, 2010

Disabled Can Get Some Real Estate Tax Help

* It is believed in good faith that the following content can be found in the October 2008 (Number 378) edition of The Crestwood Adviser and is for general reference and/or research purposes only.  For further information regarding the information listed here, please contact The Village of Crestwood in Crestwood, Illinois. *

Homeowners who are disabled can receive an additional $2,000 reduction on the equalized assessed valuation of their property.

To qualify the applicant who is or becomes disabled during the assessment year is eligible, provided the person has a legal or equitable interest of a single-family home, occupies the property and is liable for the payment of property taxes.

If a person who has received or is receiving this benefit is presently living in a licensed nursing facility, his or her home is still eligible, provided his/her spouse still occupies the home or it remains unoccupied.

To quality applicants must provide one of the following documents:

A class 2 Disabled Person identification card issued by the secretary of state.

Proof of Social Security disability benefits.

Proof of Veterans Administration 100% disability benefits.

Proof of Railroad Retirement or Civil Service 100% disability benefits.

If a taxpayer cannot provide proof of any of the above they will need to submit the Illinois Department of Revenue form PTAX 343-A.

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