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Old 09-14-2009, 11:32 AM
 
1 posts, read 1,139 times
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Default Tax status for disabled

I am currently attempting to buy a home and lot in desoto, illinois. I am disabled. I am told i would quality for a tax exemption but i don't know how much and i don't know how they figure it. Does anyone from jackson county, illinois know the answer to this?
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Old 09-14-2009, 06:42 PM
 
Location: Not where you ever lived
10,559 posts, read 13,550,526 times
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Most homes are on land commonly called a "lot". If you are looking at a home and an extra lot, you may qualify for one but not the other, or you may qualify for both. There are all types of disabilities. If your disability is military related that is another issue, and you would apply for a VA loan.

In addition to the loan, you may qualify for certain tax exemptions in addition to Homestead. However, before you can apply you must live in your home X number of months. Last year it was 2 consecutive Januarys. There is a lot of paperwork involved.

The best place to learn about tax exemptions is your County Tax Assessor.

Rural Development, a government lending agency, would know if there are any dicounts for disabled. They cah also put you in a home with little down if you qualify. You can find the local office on the Internet and call them directly. Desoto would certainly fail under the category of a "rural" community.

Good Luck!


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Old 09-16-2009, 09:46 AM
 
Location: mid-Illinois
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There was a new law beginning with 2007 (paid in 2008) taxes. If you are disabled, you can qualify for a tax exemption through your county tax assessment dept. The exemption comes off the assessed value of the primary residence property. Veterans can qualify for either of two exemptions and non-veteran persons who meet the definition of being disabled qualify for a $2000 exemption. Most counties require that the disability form is filed each year and the disability must be proven.

The new law was passed in October 2007 ----this same law increased some other homestead exemptions.

Here's the current law which shows exemptions, but you need to check with your county for specific requirements.

Property Tax Relief - Homestead Exemptions
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