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The County of DuPage
Wheaton, Illinois
 

General (Residential) Homestead Exemption

Statutory Citation:

35 ILCS 200/15-175

Qualifications

  • Own and occupy the property as a principle residence or;
  • Occupy the property as a principle residence and you have an equitable legal estate and are responsible for the payment of the real estate taxes.

Application Process

  • In most cases, the Township Assessor will automatically grant the exemption on behalf of the taxpayer without requiring a formal application.  If you have any questions about your exemption status, please contact your Township Assessor.

Renewal Process

  • It is typically facilitated by your Township Assessor automatically.  

Benefit

  • This Homestead Exemption reduces the net taxable assessed value by a maximum of $5,000 (2007 pay 2008 assessment year).
  • For 2008, the maximum deduction increases to $5,500 and in 2009, this deduction has a maximum amount of $6,000.
  • The actual tax savings is dependent on the applicable tax rate.
  • Typical savings for 2009 pay 2010 is about $343.