What is Homestead Exemption?

 

It’s a way to receive a discount on your Property Taxes!

And depending on where you live,

Homestead Exemption Rules could

save you $$$ year year!

As a homeowner with a mortgage,

you have responsibilities.

You also get some tax breaks!!!

For example,

when you own a home

and use a mortgage to finance it,

you are responsible for

paying the principal and interest

on your loan each month;

for carrying a hazard insurance policy

on your home;

and for paying property taxes, when due.

In exchange,

via a legal regime known as

Homestead Exemption,

homeowners can receive breaks

on their real estate tax bills;

and protections in the event of a

bankruptcy or death in the household.

These are protections NOT afforded to renters.

ONLY homeowners get to claim them!

Illinois Law

currently provides taxpayers

with several exemptions.

(For proper tax and legal advice,

check with your tax preparer and attorney.)

Click on these links for more information:

Kane County

DuPage County

Kendall County

Will County

Monica Mancano

Monica Mancano

REALTOR®, SRES®, MRP, AHWD
Contact Me
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Dedicated To Your Home

Century 21 2017 Media Sizzle

Designations

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  • Realtor
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