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The County of DuPage
Wheaton, Illinois
 

Disabled Veterans' Standard Homestead Exemption

Statutory Citation:

35 ILCS 200/15-169

Qualification:

  • The applicant must be an Illinois resident who is a veteran with at least a 50 % service-related disability as certified by U.S. Department of Veterans Affairs and;
  • The home must be owner-occupied by the disabled veteran or the surviving unmarried spouse of the disabled veteran as of January 1st of eligibility year, and the property value must not be more than $750,000.
  • Please note that you will not be eligible if you are claiming exemption under the Disabled Persons Homestead Exemption or the Disabled Veterans Homestead Exemption

Initial Application Process:

Complete and file a PTAX-342 application form along with the required documentation with the Supervisor of Assessments.

  • Additional Documentation - Proof of Ownership
  • Additional Documentation - Proof of Service/Disability
    • Form DD214 or a copy or Certification of Military Service Form with a Disability Certification Letter from the U.S. Department of Veterans Affairs for the current assessment year.
    • Surviving un-remarried spouse will need to provide the disabled veteran's marriage and death certificates.
     

Renewal Process:

Our office will annually mail a PTAX-342-R renewal form to prior year's recipients of this exemption. Please complete and return this form to our office by October 1st of the assessment year in question.

Benefit:

 

For the 2014 pay 2015 tax year, the Disabled Veterans' Standard Homestead Exemption provides an annual exemption of:

  • $5,000 off the total assessed value - If disability is 70% or more
  • $2,500 off the total assessed value - If disability is 50% to 69%

Effective for the 2015 pay 2016 tax year, the Disabled Veterans' Standard Homestead Exemption provides an annual exemption of:

  • Up to maximum of $250,000 off the total assessed value - If the disability is 70% or more
  • $5,000 off the total assessed value - If the disability is 50% to 69%
  • $2,500 off the total assessed value - If the disability is 30% to 49%

 

Typical annual tax savings range from $140 to $280 for $2,500 to $5,000 reduction of assessed value.