Residential Exemption
A Residential Exemption is available to all property taxpayers residing in their own homes as of January 1st of the taxing year. The Residential Exemption reduces the Equalized Assessed Value. The 2007 amount of this exemption is $5,000, increasing to $5,500 for 2008 and to $6,000 for 2009. In most cases the Residential Exemption is automatically applied to all eligible parcels. You should check the last line of your tax bill to ensure that this exemption is in place. If it is not shown please call our office to have the situation corrected.
Home Improvement Exemption (H.I.E.)
The H.I.E. is available to homeowners who have made a physical improvement to their property. I.e. added a deck or sunroom, built an in ground swimming pool, finished a basement, etc. This tax break exempts up to $75,000 in Market Value ($25,000 Assessed Value) in improvements made to a property. The improvements will not be added to your Assessed Value for 4 years from the date of completion; i.e. a deck completed in 2008 should be added to the Assessed Value of that property for 2009. This addition will be exempted from your Assessment until the year 2013, tax bill payable in 2014. The H.I.E. is automatically applied by our office after the inspection by Township field personnel, there is no need to fill out an application form.
Senior Citizen Homestead Exemption
The Senior Citizen Homestead Exemption is available to all taxpayers residing in their own homes as of January 1st of the taxing year, who have reached or will reach the age of 65 at any time during that year. This exemption will further reduce the Equalized Assessed Value of the property. The 2007 amount of this exemption in DuPage County is $3,500 increasing to $4,000 in 2008 and 2009. Homeowners should apply for this exemption at our office on 139 Water Street. The form requires proof of ownership (Warranty Deed or Trustees Deed etc.) and proof of age (Driver's License or Birth Certificate etc.) and must be signed and notarized.
Senior Citizen Assessment Freeze
This Assessment Freeze is for qualified seniors with a total household income of $50,000 or less in 2007. This income amount will increase to $55,000 in 2008 & 2009. The Freeze is applied to the Equalized Assessed Value of the year in which the senior turns 65. Applicant must occupy the property as their principal residence and be liable for paying the taxes. The Freeze is applied to the Assessment only, not the taxes. Taxes may increase or decrease depending upon the local tax rates. The Freeze is only on existing improvements (buildings) and land. If new improvements are constructed or additional land added, then the Assessment of this newly added property is added to the "frozen" Assessment. As the property values in Naperville Township increase and tax rates fluctuate minimally you could have substantial savings in just a few years. An application and affidavit of income must be completed and filed each year with the County Supervisor of Assessments. Applications will be mailed from the County in March. If you would like any assistance filling out the application, we will be happy to assist you. In order to help you, please bring your income tax records, including any Social Security statements, to our office.
Veterans Exemptions
The Disabled Veterans, Returning Veterans and Standard Veterans Homestead exemptions are being introduced for the 2007 tax year. There are qualifying requirements and filing deadlines for these relief programs. For more explanations and application forms for these exemptions you may go directly to the DuPage County website, http://www.dupageco.org/soa/generic.cfm?doc_id=983 or phone the Assessor's Office at 630-355-2444 for information, we will be happy to help you fill out these applications.
Senior Citizens Real Estate Tax Deferral Program
The Tax Deferral program is done at DuPage County. You should contact them for more information and application forms: http://www.dupageco.org/soa/generic.cfm?doc_id=349 or call the Supervisor of Assessments at DuPage County, 630-407-5858.
Disabled Tax Relief
There are two exemptions available in this category, Disabled Persons Homestead & Circuit Breaker. You should go directly to the DuPage County Supervisor of Assessment Office for information and application forms for the Disabled Persons Homestead http://www.dupageco.org/soa/generic.cfm?doc_id=983. For the Circuit Breaker you may contact the Director of Senior Services, at the Naperville Township Office, 630-357-8058.
Circuit Breaker
Please contact the Director of Senior Services, at 630-357-8058 for information and assistance with this program.