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 Illinois Ptax 340 Form 2020

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take our lead let's help you make your mark our goal is your satisfaction let us show you the way 65 years senior citizens real estate tax deferral program this program allows persons 65 years of age and older to defer all or part of the real estate taxes and special assessments up to a maximum of five thousand dollars on their principal residences make your mark take our lead the senior citizen homestead exemption is available to property owners over age 65 for the applicable tax year property taxes are paid one year after they are assessed this is in addition to the 10 000 homestead exemption so a senior citizen can receive an 18 000 reduction on their eav take our lead seniors can save on average up to 300 a year in property taxes and up to 750 dollars when combined with the homeowner exemption the applicant must have owned and occupied the property as of january 1st and must have been 65 years of age or older during the tax year in question make your mark take our lead home

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