This exemption started in tax year 2007 and lowers the equalized assessed value of your property by $2,500 if your disability is service-connected and you are at least 50% disabled, but less than 75% disabled. This exemption lower the equalized assessed value of your property by $5,000 if your disability is service-connected and you are at least 75% disabled.

This exemption may be claimed in addition to the General Homestead Limited Exemption and the Senior Citizen Homestead Exemption, if applicable; however, it cannot be claimed in addition to the Disabled Veteran Exemption of $70,000 or the Disabled Persons' Homestead Exemption. To receive this exemption, you must:

• Have served in the United States Armed Forces, the Illinois National Guard, or Reserve Forces, and have received an honorable discharge.

• Have lived on the property on or before January 1 of the tax year; otherwise, the value may be prorated for the portion of the year that it was owner occupied by a qualified disabled veteran.

• Supply a copy of the first two pages of your Award Letter.

• Please note that this exemption may require annual renewal. We are awaiting clarification on this from the Illinois Department of Revenue.