Senior Assessment Freeze

2021 Senior Citizen’s Assessment Freeze

New On-Line Application Process

Overview:

The Senior Citizen’s Assessment Freeze Renewal Notice letter mailing is scheduled to be mailed February 15th. Starting last year, the big change is a paper copy of the PTAX-340 Assessment Freeze Application form will not be included in the mailing to senior citizens. The County has elected to have the annual renewal application be completed on-line. The deadline to renew the Senior Citizen Assessment Freeze is July 1st,.

Office Hours

Lake Villa Township Assessor’s Office is open to the public.  We will be staffed during normal business hours to assist residents at our new reception counter, phone and email regarding assessment and exemption questions. Remain safe and do not leave your home.

How To Apply:

Smartfile E-Filing

The Smartfile E-filing application is found on the Lake County website below. My office has created an Application Guide to assist persons filing on-line.  The on-line E-Filing process is not difficult – it’s just new.  The Application Guide provides step by step instructions with corresponding screen shots from creating an individual account through submitting the filing.

Using the paper application PTAX-340 form

Given the current health crisis and the dramatic shift from a paper form to on-line E-Filing, my office is making the paper form available to be completed and submitted to my office for my staff to enter into the on-line E-Filing application.

Qualifications and Documentation:

To qualify, applicants must:

  • Be 65 years of age or older.
    • Own the property as their principal residence January 1, 2020 and January 1, 2021.
    • Have a total household income of $65,000 or less in 2020.
    • This exemption must be renewed on an annual basis.
    • Please have your photo ID showing the property address for the exemption being applied for.
    • You will need your tax return, 1040 or 1040SR or household income documents for the tax year of 2020 for all household members.

Benefit:

The Senior Freeze provides limited-income seniors with protection against real estate tax increases due to rising property values. It is not a tax freeze nor a tax reduction and does not protect against increased taxes due to tax rate increases. Because this exemption provides for a base year frozen assessment, it will potentially provide increased savings each year a senior is eligible.

Conclusion:

The County has made this commitment to file on-line. There is a cost savings where County personnel is not processing the paperwork. My office understands this will create difficulties for our seniors. We are here to help.

How To Apply:

Click the link below for detailed information

How to Apply