Senior Citizen Tax Information
The senior exemption reduces the state equalized valuation by $5,000 and is available for a residence owned and occupied as of January 1 of the tax year by a person 65 or older during the tax year. Please contact the supervisor of assessments at (309) 888-5130 for more information and to determine if you qualify for this exemption.
Senior Assessment Freeze Exemption
The Senior Assessment Freeze Exemption reduces your state equalized value. Applicants must meet the following requirements:
- Be 65 years of age or older
- Have a total household income of $55,000 or less
- Be the owner of record
- Use the property as their principal residence
Please contact the supervisor of assessments at (309) 888-5130 for further information and to determine if you qualify for this exemption.
Senior Citizen Tax Deferral Program
A Senior Citizen Tax Deferral Program is available to qualified seniors 65 years of age and over with a total household income of $50,000 or less. Deferred taxes are paid by the state with repayment plus interest due upon settlement of the estate or sale of the property. Please contact the McLean County Treasurer’s Office at (309) 888-5180 for more information and to determine if you qualify for this exemption.
Senior Citizens & Disabled Persons Property Tax Relief & Pharmaceutical Assistance Act
The Senior Citizens and Disabled Persons Property Tax Relief and Pharmaceutical Assistance Act (Illinois Circuit Breaker) is a state program that gives a grant based on income to renters and homeowners 65 and older who have a household income within the following guidelines:
- Under $21,218 for one person
- Under $28,480 for two persons
- Under $35,740 for three or more persons
For more information and qualifications, please contact the state toll-free at (800) 624-2459.