IL PTAX-324 2009 free printable template

PTAX-324 Application for Senior Citizens Homestead Exemption Step 1: Complete the following information Property owner'name 1 Streetaddressofhomesteadproperty 4 Writetheassessmentyearforwhichyouarerequesting

How to fill out IL PTAX-324

How to fill out IL PTAX-324

1. Obtain the IL PTAX-324 form from the official Illinois Department of Revenue website or your local assessor's office.
2. Read the instructions carefully to understand the requirements for completing the form.
3. Fill out the property owner's information at the top of the form, including name, mailing address, and phone number.
4. Provide details of the property in question, including the property address and parcel number.
5. Indicate the reason for the request by checking the appropriate box.
6. If applicable, attach any necessary documentation that supports your claim or request.
7. Review the completed form for accuracy and completeness.
8. Sign and date the form before submission.
9. Submit the form to the appropriate local authority or assessor’s office, either by mail or in person.

Who needs IL PTAX-324?

1. Property owners in Illinois who are seeking a property tax exemption or who need to appeal their property assessment.
2. Individuals who are filing for certain benefits related to property assessments as outlined by the Illinois Department of Revenue.

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 reporting the exempt status of certain properties from property taxes.

Who is required to file IL PTAX-324?

Individuals or organizations that own property in Illinois and are claiming a property tax exemption are required to file IL PTAX-324.

How to fill out IL PTAX-324?

To fill out IL PTAX-324, provide the required information regarding the property's exempt status, ownership details, and the reason for the exemption in the designated sections of the form.

What is the purpose of IL PTAX-324?

The purpose of IL PTAX-324 is to establish and verify the exempt status of properties to ensure they are not improperly assessed for property taxes.

What information must be reported on IL PTAX-324?

Information that must be reported on IL PTAX-324 includes the property's location, owner details, type of exemption being claimed, and any supporting documentation as required.