Property Taxes: Senior Citizen Assessment Freeze Applications Due by July 7

From Lake County: The deadline is July 7 to complete the 2017 Senior Citizen Assessment Freeze Application for taxes payable in 2018.

The Senior Freeze provides eligible seniors (based on income levels) protection against real estate tax increases due to rising property values, as this exemption “freezes” your home’s equalized assessed value at a base year value. The base year is generally the year before you first qualify and apply for the exemption. For example, if you first qualify and apply in 2017, your property’s equalized assessed value will be “frozen” at the 2016 equalized assessed value. Please note that this exemption is not a tax freeze or a tax reduction and does not protect against increased taxes due to tax rate increases.

To qualify for this exemption, you must be 65 years of age or older, own the property as your principal residence for the past two January 1’s, and have a 2016 total household income of $55,000 or less.

Applications can be filed at the Chief County Assessment Office, 18 N. County St., 7th Floor, Waukegan or at your local township assessor’s office.

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