To confirm your eligibility or if you have questions about any exemptions, please contact the Supervisor of Assessments by phone at (309) 888-5130 or by email at , or for further information on exemptions, visit their website.
Homestead (Owner Occupied) Exemption
This annual exemption lowers the taxable value of the property by up to $6,000. To qualify, the residential property must be occupied as the principal dwelling place by the owner on or before January 1st of the tax year. Only one homestead exemption per taxpayer is allowed, regardless of the number of properties owned.
Homestead Improvement Exemption
This exemption provides a reduction in assessed value up to $25,000 due to any new improvements and can continue for up to four years.
Senior Citizens Homestead Exemption
This exemption can lower the taxable value of a principal residence of a person who is 65 years of age or older during the assessment year by up to $5,000. McLean County requires an initial application, Form PTAX-324
, to be filed with the Chief County Assessment Officer.
Senior Citizens Assessment Freeze
Any person who is 65 years of age or older during the assessment year and who has a total household income of less than $55,000 can complete an application (Form PTAX-340
) to be filed with the Chief County Assessment Officer.
Senior Citizens Real Estate Tax Deferral Program
This program allows persons 65 years of age and older to defer all or part of the real estate taxes on their principal residences. The program has income limits and other qualification requirements. Contact the Treasurer's office at (309) 888-5180 to receive the necessary forms or for further information on the program.
Returning Veterans’ Homestead Exemption
This exemption provides a two-year $5,000 reduction in a property’s assessed value to qualifying veterans who return from active duty in an armed conflict involving the armed forces of the United States. To receive this exemption, the veteran must file an application (Form PTAX-341
) with the Chief County Assessment Officer upon their return home.
Disabled Veterans’ Standard Homestead Exemption
This exemption provides a reduction in taxable value of a property owned by a veteran with a service-connected disability ($2,500 exemption for disability of 30% or more but less than 50%, $5,000 exemption for disability of 50% or more but less than 70% and exempt for over 70%). An annual application (Form PTAX-342
) must be filed with the Chief County Assessment Officer.
Disabled Veterans’ Homestead Exemption
This exemption provides up to a $70,000 reduction in assessed value for federally-approved specially adapted housing and is available through the local Veterans’ Affairs Office.
Disabled Person's Homestead Exemption
This exemption provides a $2,000 reduction in taxable value. A disabled person must file an annual application with the Chief County Assessment Officer (Form PTAX-343
) to receive this exemption.
A Note on Claiming Exemptions: You can claim only one of the disabled homestead exemptions on your property for a single assessment year.