Illinois statutes provide for an exemption to the equalized assessed
value on homes occupied by the person legally responsible for the payment of real estate
taxes. Please contact the Coe Township Assessor when moving to a residence so she can update
The Senior Homestead Exemption is granted to owner-occupied properties
when the owner is 65 years-of-age or older and occupies the property on January 1st of
the assessment year. Owners reaching 65 years may apply for the exemption at the Coe
Township Assessor's office at any time during that year. Applicants will need to provide
proof of age and ownership when applying for the exemption. Contat the assessor with
questions regarding document requirements.
This additional exemption, provided to senior citizens who are eligible
for the Homestead Exemption, has one additional financial requirement: their annual GROSS
HOUSEHOLD income must not exceed $55,000. For applications or questions concerning this
exemption, please contact the Coe Township Assessor's office at 309-523-2497.
This exemption defers, for four (4) years, assessment increases for
property improvements such as additons or decks that add value to the property. A
maximum of $75,000 of the property's market value may be deferred under this exemption,
and improvements are generally not assessed until January 1 of the year following the
improvement. This four year exemption is automatically applied by the Coe Township
Assessor, therefore an application is not required. However, the owner must occupy
the property which must be used exclusively for residential purpose.
Illinois offers additional property tax relief including: the Charitable
Exemption, the Disabled Persons Homestead Exemption, the
Disabled Veterans Exemption, the Disabled Veterans Standard Exemption,
the Fraternal Organization Assessment Freeze, the Historic Property Exemption, the Model
Home Assessment Exemption, the Open Space Exemption, the Returning Veterans Exemption,
and the Veterans Organization Assessment Freeze.
For information on additional exemptions and property relief please
Chief County Assessor's Office
The Illinois Department on Aging's Circuit Breaker program provides
grants to low-income senior citizens and disabled citizens property tax and prescription
medication assistance. When the costs of property taxes and prescription medicines begin
to "overload" our seniors and persons with disabilities, this program steps in
to help, like circuit breakers preventing overloads in electrical systems.
Questions about the grant should be directed to the Rock Island County
Senior Center at 309-786-6335 or TDD (1-800-544-5304).