Looking for a Ptax 342 Form Templates? Download it for free!

Form PTAX-342 General Information

What is the Disabled Veterans’ Standard Homestead

An un-remarried surviving spouse of a disabled veteran applying for

Exemption (DVSHE)?

the first time or transferring the DVSHE to a new primary residence

must also provide the disabled veteran’s marriage and death certifi-

The Disabled Veterans’ Standard Homestead Exemption (35 ILCS

cates and proof of ownership.

200/15-169) provides an annual reduction in the equalized assessed

value (EAV) of a primary residence occupied by a disabled veteran

Your Chief County Assessment Officer (CCAO) will require docu-

on January 1 of the assessment year. The DVSHE amount depends

mentation to verify your eligibility for the DVSHE.

on the percentage of the service-connected disability as certified by

When will I receive my exemption?

the U.S. Department of Veterans’ Affairs. A disabled veteran with at

least a 70% service-connected disability will receive a $5,000 reduc-

The year you apply for the DVSHE is referred to as the assessment

tion in property’s EAV. A disabled veteran with at least 50%, but less

year. The County Board of Review, while in session for the assess-

than 70% service-connected disability will receive a $2,500 reduction

ment year, has the final authority to grant your DVSHE. If granted,

in property’s EAV.

your DVSHE will be applied to the property tax bill paid the year

following the assessment year.

Who is eligible?

To qualify for the DVSHE, the disabled veteran must

When and where do I file my Form PTAX-342?

be an Illinois resident who served as a member of the U.S. Armed

You (including an un-remarried surviving spouse applying for the

Forces on active duty or state active duty, Illinois National Guard,

first time or for a new primary residence) should file your

or U.S. Reserve Forces, and not dishonorably discharged.

Form PTAX-342 with your CCAO by the due date to receive this

have at least a 50% service-connected disability certified by the

exemption. Contact your CCAO at the address and phone number

U.S. Department of Veterans’ Affairs; and

below for assistance and filing information with your county.

own and occupy the property as the primary residence on

Note: To continue to receive the DVSHE on your residence, you must

January 1 of the assessment year or lease and occupy a single

file Form PTAX-342-R, Annual Verification of Eligibility for Disabled

family residence on January 1 of the assessment year and be

Veterans’ Standard Homestead Exemption, each year with your

liable for the payment of the property taxes to the county.

CCAO.

Note: The property’s total EAV must be less than $250,000 after

subtracting any portion used for commercial purposes.

Chief County Assessment Office

“Commercial purposes” include any portion of the property rented

18 North County Street - 7th Floor

for more than 6 months.

Waukegan, Illinois 60085

Is a surviving spouse eligible?

An un-remarried surviving spouse of a disabled veteran can contin-

If you have any questions, call (847) 377-2050

ue to receive the DVSHE on his or her spouse’s primary residence or

transfer the DVSHE to another primary residence after the disabled

veteran’s original primary residence is sold, provided the DVSHE had

previously been granted to the disabled veteran.

______

Are there other homestead exemptions available for

An un-remarried surviving spouse must occupy and hold legal or

disabled persons or disabled veterans?

beneficial title to the primary residence on January 1 of the assess-

Yes. However, only one of the following disabled homestead exemp-

ment year.

tions may be claimed on your property for a single assessment year:

Do I need to provide documentation?

Disabled Veterans’ Homestead Exemption - up to $70,000

reduction in assessed value for federally-approved specially

You must provide a disability award or verification letter from the U.S.

adapted housing. This exemption is administered by the Illinois

Department of Veterans’ Affairs for the current assessment year and

Department of Veterans’ Affairs. (35 ILCS 200/15-165);

one of the following documents that is the original or a copy certi-

fied by the county recorder, recorder of deed’s, Illinois Department of

Disabled Persons’ Homestead Exemption - annual $2,000

Veterans’ Affairs, or the National Archives Record Center.

reduction in property’s EAV (35 ILCS 200/15-168); or

Form DD 214 indicating Character of Service (member copy 4) or

separation of service from War Department (military service prior to

Disabled Veterans’ Standard Homestead Exemption - annual

1950); Or

$2,500 or $5,000 reduction in property’s EAV (35 ILCS 200/15-169).

Certification of Military Service Form.

Official use. Do not write in this space.

Date received

Board of review action date

: ___ ___/___ ___/___ ___ ___ ___

Approved

Verify proof of eligibility ____________________________

Denied

Exemption amount

Reason for denial____________________________________

$2,500

$5,000

______________________________________________________

Assessment information

Comments: _________________________________________

EAV of improvements

$___________________

______________________________________________________

EAV of land

$___________________

______________________________________________________

Total EAV of improvement/land

$___________________

______________________________________________________

EAV commercial/rented property

$___________________

______________________________________________________

Total EAV minus commercial/rented EAV $___________________

______________________________________________________

Note: An EAV of $250,000 or more, excluding commercial property or portion of the property rented for more than 6 months does not qualify

for DVSHE.

PTAX-342 (R-03/08)

Form Ptax-342 - Application For Disabled Veterans' Standard Homestead Exemption (Dvshe) Page 2

Related Articles

Related forms

Related Categories