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 Champaign's website for forms and exemption information at www.co.champaign.il.us/ccaol.htm
