IL PTAX-342-R 2015 free printable template

PTAX-342 Application for Standard Homestead Exemption for Veterans with Disabilities (SHED). Step 1: Complete ... Step 2: Complete the disabled veterans#39; eligibility information ... the equalized

How to fill out IL PTAX-342-R

How to fill out IL PTAX-342-R

1. Obtain Form IL PTAX-342-R from the Illinois Department of Revenue website.
2. Fill in your name and address in the designated fields.
3. Provide the property index number (PIN) and the name of the property.
4. Indicate the reason for your request in the specific section on the form.
5. Attach any required supporting documentation, such as proof of ownership or occupancy.
6. Review the form for accuracy and completeness.
7. Sign and date the form at the bottom.
8. Submit the completed form to the appropriate local assessment office.

Who needs IL PTAX-342-R?

1. Property owners in Illinois who are seeking a property tax exemption.
2. Individuals who believe they qualify for a tax exemption due to certain qualifications.
3. Anyone looking to appeal their property tax assessment.

People Also Ask about

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

A veteran is eligible to receive the exemption for another tax year in which the veteran returns from active duty. Applicants must file a Form PTAX-341, Application for Returning Veterans' Homestead Exemption, with the Chief County Assessment Office.

Does Illinois waive property taxes for disabled veterans?

Veterans 70% or more disabled receive an EAV reduction of $250,000, and because of this can be totally exempt from property taxes on their home. The automatic renewal of this exemption due to the COVID-19 pandemic has ended. All applicants must reapply annually.

At what age do seniors stop paying property taxes in Illinois?

Senior Citizens Real Estate Tax Deferral Program allows persons 65 years of age and older, who have a total household income of less than $65,000 and meet certain other qualifications, to defer all or part of the real estate taxes and special assessments on their principal residences.

What is the Ptax 342 in St Clair County IL?

Form PTAX-342, Application for Standard Homestead Exemption for Veterans with Disabilities, must be submitted to • initially apply for the SHEVD, • transfer the SHEVD to the surviving spouse for the first year after the death of the veteran with a disability, or • transfer the SHEVD to a new primary residence.

What is the property tax exemption in St Clair County IL?

The amount of the exemption is $4,000 in assessed value for State taxes and $2,000 in assessed value for County taxes.

What is the property tax rate in St Clair County Illinois 2023?

St. Clair County collects, on average, 1.87% of a property's assessed fair market value as property tax. St.

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What is IL PTAX-342-R?

IL PTAX-342-R is a form used in Illinois for reporting certain information regarding property tax exemptions and assessments.

Who is required to file IL PTAX-342-R?

Individuals or entities that have received a property tax exemption or are claiming an exemption in Illinois are required to file IL PTAX-342-R.

How to fill out IL PTAX-342-R?

To fill out IL PTAX-342-R, you need to provide accurate information regarding your property, exemptions claimed, and any supporting documentation as required.

What is the purpose of IL PTAX-342-R?

The purpose of IL PTAX-342-R is to ensure the correct assessment and exemption of property taxes and to provide transparency in property tax administration.

What information must be reported on IL PTAX-342-R?

The information that must be reported on IL PTAX-342-R includes property identification details, the type of exemption being claimed, and documentation supporting the claim.