Owner Occupied Exemptions for 2008

Questions about your exemptions contact Supervisor of Assessments at 217-384-3760

Over Age 65 Exemption

65 or older by December 31, 2008

$4,000 Assessment Reduction

Senior Assessment Freeze

65 or older by December 31, 2008

Annual household income less than $55,000

Must reside at property Jan. 1, 2007 & Jan. 1 2008

Owner Occupied Exemption

Owner occupied by Jan. 1, 2008

$5,500 Assessment Reduction

Improvement Exemption

4 year exemption on increase in assessed value

due to new improvement up to $25,000

Returning Veteran Exemptions

Available for veterans returning from active duty in 2008.

$5,000 reduction for 2008 tax year only

Disabled Veteran Exemption

Veteran needs to be at least 50% disabled due to a service connected disability

50% - 74% $2,500 Assessment Reduction

75% - 100% $5,000 Assessment Reduction

Disabled Persons Exemption

100% Disability Requirement

$2,000 Assessment Reduction

Please visit our website for forms and exemption information at www.co.champaign.il.us/ccaol.htm