Form Ptax-341 - Application For Returning Veterans' Homestead Exemption (Page 2 of 2) in pdf

Form PTAX-341 General Information

What is the Returning Veterans’ Homestead

When will I receive my exemption?

Exemption?

You should apply for this exemption for the assessment year

The Returning Veterans’ Homestead Exemption

(35 ILCS

that you return home. The County Board of Review has the ﬁnal

provides a one-time $5,000 reduction in the equalized

200/15-167)

authority to grant your exemption. If granted, your exemption

assessed value (EAV) of the veteran’s principal residence for the

will be applied to the property tax bill paid the year following the

taxable year that the veteran returns from active duty in an armed

assessment year.

conﬂict involving the armed forces of the United States. The

veteran must own and occupy the property on January 1 of the

Can I receive the exemption again?

assessment year as his or her principal residence.

The law states the exemption applies “only for the taxable year

Note: For purposes of this exemption, “occupy” means your

in which the veteran returns from active duty in an armed conﬂ ict

principal place of dwelling which is “the place where a person

involving the armed forces of the U.S.”. You may be eligible for

has his or her true, ﬁxed permanent home and principal

this exemption again if you return from active duty in a subse-

establishment, and to which, whenever he or she is absent, he

quent year.

or she has the intention of returning”.

Do I need to provide documentation?

Who is eligible?

Your Chief County Assessment Ofﬁcer (CCAO) will require

To qualify for this exemption you must

documentation to verify your eligibility for this exemption.

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

If you were discharged from active duty service, you must provide

Armed Forces, Illinois National Guard, or U.S. Reserve Forces,

• the original Form DD 214; or

• have returned from active duty in an armed conﬂict involving

the armed forces of the U.S.,

• a copy of Form DD 214 certiﬁed by the county recorder,

recorder of deed’s, IL Dept. of Veterans’ Affairs, or the National

• have owned or had a legal or equitable interest in the land on

Archives Record Center.

which a single-family residence is situated and used as your

principal place of residence on January 1 of the assessment

If you are still on active duty after returning home, you must provide

year, and

• Form DD 220; or

• be liable for the payment of the property taxes.

• military orders and travel voucher stating that you are returning

from an armed conﬂict involving the armed forces of the U.S.

Note: A representative can apply on behalf of a deceased

within the tax year that you are requesting this exemption.

veteran who has met the qualiﬁcations listed above.

Is the resident of a cooperative apartment eligible?

When and where must I ﬁle Form PTAX-341?

To qualify for this exemption, the resident must be

You should apply for this exemption each year when you return

• the owner of record of a legal or equitable interest in the property,

from active duty in an armed conﬂict involving the armed forces

of the United States. Contact your CCAO to verify your county’s

• occupy it as a principal residence, and

due date or if you need assistance at the telephone number listed

• be liable by contract with the owner(s) of record for the property

below. Mail your completed Form PTAX-341 and supporting

tax payments.

documentation to the address below.

A resident of a cooperative apartment building who has a

leasehold interest does not qualify for this exemption.

If you have any questions, please call:

Mail your completed Form PTAX-341 to:

(815 ) 740-4648

______WILL

County Chief County Assessment Ofﬁcer_________

______302 North Chicago Street, 2nd Floor______________

Mailing address

Joliet

60432

_______

______________________ IL

_______

City

ZIP

Ofﬁcial use. Do not write in this space.

Date received

___ ___/___ ___/___ ___ ___ ___

Board of review action date

Month

Day

Year

Month

Day

Year

Verify proof of eligibility_______________________________

Approved

Denied

Reason for denial: ________________________________

_______________________________________________

Comments:___________________________________________

____________________________________________________

Comments: _________________________________________

____________________________________________________

___________________________________________________

____________________________________________________

___________________________________________________

____________________________________________________

___________________________________________________

____________________________________________________

___________________________________________________

PTAX-341 Back (R-01/08)

Form Ptax-341 - Application For Returning Veterans' Homestead Exemption Page 2

Related Articles

Related forms

Related Categories