About Exemptions
General Homestead Exemption
For the 2024 assessment year payable in 2025 this exemption is $8,000.
To receive this exemption, you must:
- Have lived on the property, which is your principal residence, on or before January 1 of the tax year. New Construction will be pro-rated based on Certificate of Occupancy.
- This exemption is automatically applied to your property if it is a new purchase. The only circumstance that the general homestead would not be applied is if the previous owners had it removed. Please call the office and we can check the status for you.
- If you would like your General Homestead removed please fill out the Homestead Removal form (pdf). This form can be dropped off or emailed to our office, or it can be sent directly to the Will County Supervisor of Assessment’s office.
Homestead Improvement Exemption
This is a four year exemption which prevents the Township Assessor from increasing your assessment due to additions or improvements to your property.
- A maximum of $25,000 of assessed value or $75,000 “Market Value” may be deferred under this program.
- The property has to be the taxpayer’s principal residence.
- Two different improvements on the same property can run concurrently as long as $45,000 is not exceeded.
- This exemption does not need to be applied for. Our office will automatically apply it to your property. You will receive a notice of Revised Assessment notice when this occurs.
Senior Homestead Exemption
This exemption lowers the equalized assessed value of your property by $8,000, and may be claimed in addition to the General Homestead Exemption.
To receive this exemption, you must:
- Have lived on the property, which is your principal residence, on or before January 1 of the tax year; otherwise, the value may be assessed for the portion of the year that it was owner occupied by a senior citizen.
- Have reached age 65 anytime during the tax year.
- Apply for this exemption at the Township Assessor’s office. You will need to bring proof of age (a drivers license is sufficient) and your tax bill when you apply. If your property is in a trust, you will need to fill out a Trust Disclosure form (pdf).
- This exemption is one-time. It does not need to be renewed.
First-time applicants can obtain forms here Senior Homestead Exemption Form (pdf). These forms can be dropped off at our office or at the Will County Supervisor of Assessments office.
Frankfort Township Assessor
11000 W. Lincoln Hwy.
Frankfort, IL 60423
(815) 464-3180
OR
Supervisor of Assessments
302 N. Chicago Street
Joliet, Illinois 60432-4059
(815) 740-4648
Senior Citizens Assessment Freeze Exemption
This exemption freezes the assessment on your property if your total household income is $65,000 or less.
This exemption may be claimed in addition to those described above. This exemption does not freeze your tax rate; you need to understand that the actual taxes which you pay may continue to increased based upon the amounts levied by the taxing bodies where you reside (school, park, village or city, township, etc.).
To receive this exemption you must:
- Have fulfilled a property residency requirement as explained on the application form.
- Be age 65 or older.
- Have a maximum household income of $65,000. This household income includes that of all persons using the property as their principal dwelling place on January 1 of the tax year.
- Please note that this exemption is income based and therefore, must be renewed annually. This exemption will be mailed every year as long as you qualified the prior year. Forms for 2024 will be mailed out by the end of April.
Applicants can obtain forms here 2024 Senior Citizens Assessment Freeze Form (pdf). This form can be dropped off at our office or at the Will County Supervisor of Assessments office.
Frankfort Township Assessor
11000 W. Lincoln Hwy.
Frankfort, IL 60423
(815) 464-3180
OR
Supervisor of Assessments
302 N. Chicago Street
Joliet, Illinois 60432-4059
(815) 740-4648
Disabled Persons’ Homestead Exemption
This exemption lowers the equalized assessed value of your property by $2,000 and may be claimed in addition to the Homestead Exemption and the Senior Citizen Homestead Exemptions, if applicable. This exemption cannot be claimed in addition to the Disabled Veterans’ Standard Homestead Exemption or the Disabled Veterans’ Exemption of $70,000; you can only receive one of these exemptions and, if you are a veteran, you should choose to apply for the one most beneficial to you. To receive this exemption, you must:
- Have lived on the property on or before January 1 of the tax year; otherwise, the value may be assessed for the portion of the year that it was owner occupied by a qualified disabled person.
- Be disabled under the Federal Social Security Act.
- Supply a copy of your Illinois Disabled Person Identification Card stating that you are under a Class 2 disability (for each year you qualify).
- Had a qualified physician fill out the Physician Statement.
• Please note that this exemption has to be renewed annually.
First-time applicants ONLY can obtain forms here Disabled Person’s Homestead Form PDF, Physician’s Statement PDF These forms can be dropped off at our office or the Will County Supervisor of Assessments office.
Frankfort Township Assessor
11000 W. Lincoln Hwy.
Frankfort, IL 60423
(815) 464-3180
OR
Supervisor of Assessments
302 N. Chicago Street
Joliet, Illinois 60432-4059
(815) 740-4648
Disabled Veterans’ Standard Homestead Exemption
This exemption started in tax year 2007. A disabled veteran with at least 70% or more, then the residential property is exempt from taxation under this Code. (Note: The property’s total EAV must be less than $250,000 after subtracting any portion used for commercial purposes. “Commercial purposes” include any portion of the property rented for more than 6 months.)
If the veteran has a service-connected disability of 30% or more but less than 50%, then the annual exemption is $2,500; if the veteran has a service-connected disability of 50% or more but less than 70%, then the annual exemption is $5,000
This exemption may be claimed in addition to the General Homestead Exemption and the Senior Citizen Homestead Exemption, if applicable; however, it cannot be claimed in addition to the Disabled Veteran Exemption of $70,000 or the Disabled Persons’ Homestead Exemption. To receive this exemption, you must:
- be an Illinois resident who served as a member of the U.S. Armed Forces on active duty or state active duty, Illinois National Guard, or U.S. Reserve Forces, and who has an honorable discharge;
- have at least a 30 percent service-connected disability certified by the U.S. Department of Veterans’ Affairs; and
- own and occupy the property as the primary residence on January 1 of the assessment year or lease and occupy a single family residence on January 1 of the assessment year and be liable for the payment of the property taxes to the county.
- To apply for this exemption you will need your DD-214 and a current letter from the VA stating what your percentage is and that it was service connected injury.
Applicants can obtain forms here Disabled Veteran Homestead Form PDF, This form can be dropped of at our office or the Will County Supervisor of Assessments office.
Frankfort Township Assessor
11000 W. Lincoln Hwy.
Frankfort, Il 60423
(815) 464-3180
OR
Supervisor of Assessments
302 N. Chicago Street
Joliet, Illinois 60432-4059
(815) 740-4648
Returning Veteran Homestead Exemption
This exemption started in tax year 2007. It lowers the Equalized Assessed Value of your property by $5,000 a year for the first two years you return from active duty in an armed conflict. You are only required to fill this form out once when you return from active duty and the exemption will carry over to the second year. It can be claimed in addition to the General Homestead, Limited Exemption and any applicable Senior Citizen Exemption. To receive this exemption, you must:
- Use the property as your principal residence.
- Supply a copy of your DD214, if applicable; otherwise, a copy of your most recent military orders .
Applicants can obtain forms here Returning Veteran Homestead Exemption, This form can be dropped off at our office or the Will County Supervisor of Assessments office.
Frankfort Township Assessor
11000 W. Lincoln Hwy.
Frankfort, IL 60423
(815) 464-3180
OR
Supervisor of Assessments
302 N. Chicago Street
Joliet, Illinois 60432-4059
(815) 740-4648