Senior Homestead Exemption
This exemption lowers the equalized assessed value of your property by $3,500 starting in tax year 2006, and may be claimed in addition to the Homestead Limited Exemption. For tax year 2013 (payable in 2014), this exemption increases to $5,000. To receive this exemption, you must:
Have lived on the property which is your principal residence on or before January 1st of the tax year; otherwise, the value may be prorated for the portion of the year that it was owner occupied by a senior citizen.
- Have reached age 65 during the tax year.
- Please Note: This exemption must be renewed annually.
Senior Citizen's Homestead Exemption Renewal Form (PDF)
PTAX-324 Application for Senior Citizens Homestead Exemption (PDF)
Low-Income Senior Citizens Assessment Freeze Homestead Exemption
This exemption freezes the assessment on your property if your total household income is $65,000 or less. (This exemption may be claimed in addition to those described above. This exemption does not freeze your tax rate; you need to understand that the actual taxes which you pay may continue to increase based upon the amounts levied by the taxing bodies where you reside (school, park, village or city, township, etc.).
- Have fulfilled a property residency requirement as explained on the application form.
- Be age 65 or older.
- Have a maximum household income of $65,000 (increased in 2018 payable 2019).
- The household income includes that of ALL persons using the property as their principle dwelling place on January 1 of the tax year.
Please Note: This exemption must be renewed annually.
PTAX-340 Low-Income Senior Citizens Assessment Freeze Homestead Exemption Application Affidavit (PDF)
For more information, contact the LaSalle County Assessment Office at (815) 434-8233. or Peru Township Assessor Jay Koyak at (815) 224-8238.
