senior benefits: Property Tax Relief is Available for Senior Homeowners Living in Illinois ... - 02/17/10 12:58 PM
 
     Illinois has a few great options aimed directly at helping senior homeowners living within its boundaries.
     One of those beneficial options, called the Senior Citizen Real Estate Property Tax Deferral Program, allows property tax relief to Illinois residential property owners 65 and over.  In order to be eligible for this particular program, a senior must  own property within the State of Illinois and have an income under $50,000 for the tax year. 
     This property tax deferral program allows individuals that fall within that perameter the opportunity to defer 1% to 100% of their property taxes at 6% simple interest.  This deferrment may be taken … (7 comments)

 

Find IL real estate agents and Joliet real estate on ActiveRain.