Senior Citizens Tax Deferral

What is the tax deferral program?

The Senior Citizens Real Estate Tax Deferral Program is a tax relief program that allows qualified senior citizens to defer all or part of payments for property taxes and special assessments on their principal residences.

What qualifications must I meet to participate?

To participate in the program, taxpayers each year must meet the following qualifications:

* be 65 years of age by June 1
* have a total annual household income of less than $55,000
* own and occupy the property or other qualifying property for at least the last three years
* have no delinquent property taxes and special assessments on the property
* maintain adequate insurance against fire or casualty loss
* have written approval from any joint owners for participation

How can I apply for the program?

File all applications and forms with the County Collector. Forms are available at the County Collector's Office after Jan.1 and must be completed by March 1 of each year. The Illinois Department of Revenue approves or denies all applications.

To apply for a property tax deferral, the taxpayer must complete and file Form Il-1017-TD, Application for Deferral of Real Estate Taxes, and Form IL-1018-Td Real Estate Tax Deferral and Recovery Agreement.

Additional information is available in the County Treasurer's Office.