Disaster Area Application for Reassessment (35 ILCS 200/13-5)
The form PTAX-245 should be completed, and submitted to our office, to request the reassessment of property suffering from substantial damage caused by a disaster in a county that has been declared a major disaster area by the President of the United States or the Governor of the State of Illinois
Application for Solar Energy Assessment
If you are using a solar energy system that is installed on your property, and it conforms to the standards as established by the IL Dept of Natural Resources, you may make application for the Solar Energy Assessment using form PTAX-330. If you discontinue use of the solar energy system valued under this alternate assessment, you must notify the Supervisor of Assessments in writing, by certified mail, within 30 days.
Application for Open Space Purposes Assessment
To make application for Open Space Purposes Assessment you must have property that is more than 10 acres and used exclusively for open space purposes for the 3 years immediately preceding this assessment year. Annual application must be made with the Supervisor of Assessments by June 30 of each assessment year using form PTAX-334. When any portion of this property is no longer used for open space purposes, the person liable for taxes must immediately notify the Supervisor of Assessments in writing and also pay the county treasurer the difference based on the fair cash value of the property in each of the 3 preceding assessment years, plus 5 percent interest. Payment is due by the following September 1.
Model Home Assessment (35 ILCS 200/10-25)
Any single family dwelling, townhome or condominium unit built for use as a display or demonstration model for prospective buyers that is not occupied is eligible to receive a model home assessment.
No corporation, individual, sole proprietor or partnership may have more than 3 model homes, townhomes or condominium units at the same time within a 3-mile radius.
With an approved application for model home assessment, the assessed value of the qualifying structure is removed from the tax rolls for that assessment year, or until the property becomes ineligible to receive the alternate valuation.
When the property becomes ineligible for the alternate valuation, due to either the sale of the property or occupancy of the dwelling as a residence, the owner shall within 60 days file form PTAX-762C as notice of such change with the Supervisor of Assessments.
Application form PTAX-762 must be completed by the person who is liable for the taxes on the property.
The application deadline is December 31st of each assessment year that the alternative valuation is desired.
This is a one year program. Failure to make a timely filing in any assessment year constitutes a waiver of the right to benefit for that assessment year.
Veterans Organization Assessment Freeze (35 ILCS 200/10-300)
Application form PTAX-763 must be filed by December 31st of each assessment year.
Allows qualified veterans organizations (chartered under federal law) to elect to freeze the assessed value of the real property owned and used as the principal building for the post, camp or charter, and for members and guests parking use for the principal post, camp or charter's building.
The assessment is frozen at 15% of the property value for the taxable year that the property first qualifies for the assessment freeze.
IRC 501(c)(10) Fraternal Organization Assessment Freeze (35 ILCS 200/10-350)
Application form PTAX-764 must be filed by December 31st of each assessment year.
Fraternal Organizations exempt under Internal Revenue Code (IRC) Section 501(c)(10) and chartered by the state of Illinois prior to 1900 are allowed to elect to freeze the assessed value of the real property it owns and uses.
The assessment is frozen at 15% of the property value for the taxable year that the property first qualifies for the assessment freeze.
IRC 501(c)(8) Fraternal Organization Assessment Freeze (35 ILCS 200/10-355)
Application form PTAX-765 must be filed by December 31st of each assessment year.
Fraternal Organizations exempt under Internal Revenue Code (IRC) Section 501(c)(8), who had its national headquarters in Illinois on December 31, 1926 or was chartered by the state of Illinois in February 1898, are allowed to elect to freeze the assessed value of the real property it owns and uses.
The assessment is frozen at 15% of the property value for the taxable year that the property first qualifies for the assessment freeze.
IRC 501(c)(2), (c)(8), or (c)(10)Fraternal Organization Assessment Freeze (35 ILCS 200/10-360)
Application form PTAX-766 must be filed by December 31st of each assessment year.
Fraternal organizations or affiliated not-for-profit corporations chartered prior to 1920, exempt under Internal Revenue Code (IRC) Section 501(c)(2), (c)(8), or (c)(10), whose members provide financial support for charitable works are allowed to elect to freeze the assessed value of the real property it owns and uses.
The assessment is frozen at 15% of the property value for the taxable year that the property first qualifies for the assessment freeze.