This exemption freezes the assessment on your property if your total household income is $50,000 or less. For tax year 2008 (payable in 2009), the total household income will be increased to $55,000.

This exemption may be claimed in addition to those described above. This exemption does not freeze your tax rate; you need to understand that the actual taxes which you pay may continue to increased based upon the amounts levied by the taxing bodies where you reside (school, park, village or city, township, etc.).

The filing deadlines for this exemption is July 1 of each year. To receive this exemption you must:

• Have fulfilled a property residency requirement as explained on the application form.

• Be age 65 or older

• Have a maximum household income of $50,000 (increases to $55,000 for tax year 2008, payable in 2009). This household income includes that of all persons using the property as their principal dwelling place on January 1 of the tax year.

• Please note that this exemption is income based and therefore, must be renewed annually. The Supervisor of Assessments for the County mails applications to all taxpayers receiving the Senior Homestead Exemption.