IL PTAX-324 2017 free printable template

If you have any questions please call Mail your completed Form PTAX-324 to Official use. Do not write in this space. Form PTAX-324 General Information What is the Senior Citizens Homestead Exemption 200/15-170 provides for an annual 5 000 reduction in the equalized assessed value of the property that you own or have a leasehold interest in occupy as your principal residence during the assessment year and are liable for the payment of property taxes. PTAX-324 Front R-04/13 Document number...

How to fill out IL PTAX-324

How to fill out IL PTAX-324

1. Obtain the IL PTAX-324 form from the Illinois Department of Revenue website.
2. Fill in the property owner’s name and address at the top of the form.
3. Provide the parcel number of the property in question.
4. Indicate the year for which the assessment complaint is being filed.
5. State the reasons for the assessment complaint in detailed sections provided.
6. Include any supporting documentation or evidence to support your complaint.
7. Sign and date the form where indicated.
8. Submit the completed form to the appropriate local assessment office by the deadline.

Who needs IL PTAX-324?

1. Property owners who believe their property assessment is incorrect.
2. Individuals looking to appeal their property tax assessments in Illinois.
3. Real estate stakeholders or representatives acting on behalf of property owners.

People Also Ask about

What is the disabled person exemption in Cook County?

A Person with Disabilities Exemption is for persons with disabilities and provides an annual $2,000 reduction in the equalized assessed value (EAV) of the property.

How do I apply for disabled veterans property tax exemption in Illinois?

Illinois veterans or their spouses should contact their local Veteran Service Officer for information to apply for the specially-adapted housing property tax and mobile home tax exemption benefits.

How much is the senior tax exemption in Illinois?

Senior Citizens Homestead Exemption The maximum amount of the reduction in equalized assessed value is $8,000 in Cook County and counties contiguous to Cook County or $5,000 in all other counties.

What is the Illinois senior freeze exemption?

Senior homeowners are eligible for this exemption if they are over 65 years of age and have a total household annual income of $65,000 or less in the 2021 calendar year. A "Senior Freeze" Exemption provides property tax savings by freezing the equalized assessed value (EAV) of an eligible property.

At what age do you get a property tax break in Illinois?

Most senior homeowners are eligible for this exemption if they are 65 years of age or older (born in 1957 or prior) and own and occupy their property as their principal place of residence. Once this exemption is applied, the Assessor's Office automatically renews it for you each year.

How do I get senior discount on property taxes in Illinois?

This program allows persons 65 years of age and older, who have a total household income for the year of no greater than $65,000 and meet certain other qualifications, to defer all or part of the real estate taxes and special assessments (up to a maximum of $7,500) on their principal residences.

Who qualifies for homeowners exemption in Illinois?

Taxpayers whose primary residence is a single-family home, townhouse, condominium, co-op or apartment building (up to six units) are eligible. First-time applicants must have been the occupants of the property as of January 1 of the tax year in question.

What is the disability exemption for property taxes in Illinois?

A Person with Disabilities Exemption is for persons with disabilities and provides an annual $2,000 reduction in the equalized assessed value (EAV) of the property.

How much is the senior tax exemption in Illinois?

The Senior Exemption reduces the Equalized Assessed Value (EAV) of a property by $8,000.

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What is IL PTAX-324?

IL PTAX-324 is a form used in Illinois for claiming a property tax exemption for real estate.

Who is required to file IL PTAX-324?

Anyone who owns property in Illinois and seeks to claim a property tax exemption must file IL PTAX-324, including homeowners and qualifying organizations.

How to fill out IL PTAX-324?

To fill out IL PTAX-324, gather necessary documents, complete each section accurately, providing required personal and property information, and submit it to the appropriate local authorities.

What is the purpose of IL PTAX-324?

The purpose of IL PTAX-324 is to provide a mechanism for property owners in Illinois to claim exemptions from certain property taxes.

What information must be reported on IL PTAX-324?

On IL PTAX-324, the following information must be reported: property owner's name, property address, exemption being claimed, and any relevant identification numbers or documentation.