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Happy 65th Birthday!!
The Assessor’s Office would like to give you a gift.
If you or your spouse turns 65 anytime in 2025, you are eligible for the Senior Homestead Exemption. The exemption decreases the taxable value by -8,000. My “gift” to each senior is a reduction in taxes that can range from -$700 to -$1,000.
Like all exemptions, the property must be your primary residence; there is no income requirement; and there is no annual renewal.
After qualifying for the Senior Homestead Exemption, you can apply for the Senior Assessment Freeze Exemption the following year. This exemption freezes your property’s taxable assessed value. To qualify for this income-based exemption, your household income must be less than $65,000 per year. This exemption must be renewed annually, starting in March.
ANNUAL EXEMPTION RENEWAL REQUIRED
Ø Low-Income Senior Citizen Assessment Freeze
Ø Disabled Veterans Exemption
Ø Homestead Exemption for Persons with Disabilities
APPLICATION / RENEWAL PROCESS
Ø Visit the Lake Villa Township Assessor's Office for assistance. This is the easiest method for most.
Ø Apply online using the Lake County Smartfile program.
Please feel free to contact my office with any questions.
Jeffrey A. Lee
Lake Villa Township Assessor
Address: 37850 N. IL Route 59
Lake Villa, IL 60046
Phone 847-356-2383
Email Assessor@LakeVillaAssessor.org
Lake Villa Township Assessor’s Office website www.LVAssessor.org
Lake County Website www.tax.LakeCountyIL.gov
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