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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 30 % 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 during the tax year in question.  Please note that if the applicant did not occupy the residence as of January 1st of eligibility year, the exemption will be prorated and;  
  • The subject property's 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.