​​​H​omestead Improvement Exemption

What does this exemption do?
This exemption reduces the EAV attributable to the improvement for four years based on the Fair Cash Value (up to $75,000) of the improvement.

Who can qualify for this exemption?
A property must be the principal residence of the owner, and have new improvements (such as addition, patio, or deck) that increases the value of the property.

How do I apply for this exemption?
You need not file an application. Your Township Assessor will verify the amount to the County Assessment Office. If you have any questions contact your Township Assessor​.

35ILCS 200/15-180