General Homestead Exemption ("Owner Occupied")
Annual exemption available to residential property that is occupied by January 1 of the assessment year by its owner or owners as his or their principal dwelling place, or that is a leasehold interest on which a single family residence is situated, which is occupied as a residence by a person who has an ownership interest therein, legal or equitable or as a lessee, and on which the person is liable for the payment of property taxes. The amount of the exemption is the increase in the current year's equalized assessed value (EAV), above the 1977 EAV, up to a maximum of $6,000. This exemption is labeled "Owner Occupied" in the Formula For Tax Calculation on the left hand side of the Real Estate Tax Bill mailed by the County Collector. The General Homestead Exemption is granted automatically in most cases; however, as is the case with all exemptions, it is the taxpayer's responsibility to ensure this exemption has been properly applied to their tax bills each year.
Leasehold Owner Occupied Exemption
Download 2022 Application for Leasehold Exemption
Annual exemption that is available to those meeting the requirements listed on the Application for General Homestead Exemption (for Single-Family Dwellings Subject to a Lease). Deadline to receive this exemption is the last business day in March of each year. TAX YEAR 2022 – DEADLINE – March 31, 2022. If you have any questions regarding this exemption, please contact the Moultrie County Assessment Office.
Senior Citizens Homestead Exemption ("65 & Over")
(also known as Elderly Exemption)
Annual exemption that is available to those meeting the requirements of the general homestead exemption (see above) but for property that is occupied as a primary residence by a person that is 65 years of age or older anytime during the assessment year. The amount of this exemption, in addition to the "owner occupied" exemption, is a $5,000 reduction in the equalized assessed value (EAV) of the property. Moultrie County requires an initial application, Form PTAX-324, Application for Senior Citizens Homestead Exemption, be filed with the Moultrie County Assessment Office.
Senior Citizens Assessment Freeze Homestead Exemption ("Senior Freeze")
The federal stimulus payments are not considered income for the calculation of the Senior Freeze exemption; those payments received in 2020 should not be included in the income calculations on the 2021 SCAFHE form.
Download 2021 Application (PTAX-340); [CALL the Assessment Office for the 2020 Application] Last date to apply is Thursday, July 1, 2021. Please call our office if you miss this deadline
The senior citizens assessment freeze homestead exemption allows qualified senior citizens to freeze the equalized assessed value (EAV) of their residential property to prevent or limit any increase due to inflation. Upon eligibility, the applicant establishes a "base year" (usually the year before the year you first qualify and apply) for which the assessed valuation is "frozen" at a "base amount". Freezing the property's EAV, however, does not mean the property taxes will not increase because other factors affect the tax bill. For example, the tax bill could increase if the tax rate (which is based on the amount of revenues taxing districts request) increases.
The senior citizens assessment freeze homestead exemption qualifications for the 2021 tax year (for the property taxes paid in 2022), are listed below.
• You will be 65 or older during 2021.
• Your total household income in 2020 was $65,000 or less.
• On January 1, 2020, and January 1, 2021, you
- used the property as your principal place of residence,
- owned the property, or had a legal or equitable interest in the property as evidenced by a written instrument, or had a leasehold interest in the property used as a single-family residence, and
- were liable for the payment of property taxes.
Mobile Homes On Privilege Tax -- You do not qualify for this exemption if your property is assessed under the mobile home privilege tax. Surviving spouse - Even if you are not 65 or older during 2021, you are eligible for this exemption for 2021, if your spouse died in 2021 and would have met all of the qualifications. Residents in a health facility - Even if you did not use the property as your principal place of residence on January 1, 2021, you qualify for this exemption if you are a resident of a facility licensed under the Assisted Living and Shared Housing Act, Nursing Home Care Act, ID/DD (intellectually disabled/developmentally disabled) Community Care Act, or Specialized Mental Health Rehabilitation Act of 2013 and you meet all other requirements, have received this exemption previously, and your property is either unoccupied or is occupied by your spouse. Residents of cooperatives - If you are a resident of a cooperative apartment building or cooperative life-care facility, you qualify for this exemption if you are liable for the payment of the property taxes on your residence and meet the other eligibility requirements.
Senior Citizens Real Estate Tax Deferral Program
This program allows persons 65 years of age and older to defer all or part of the real estate taxes and special assessments on their principal residences. The program has income limits and other qualification requirements. Contact the Moultrie County Treasurer's Office at 217-728-4032 for full information.
Homestead Improvement Exemption (HIE)
This is an exemption allowed for new improvements to existing structures on residential homestead property or the rebuilding of residential structures following a catastrophic event. The exemption is limited to a maximum of $75,000 per year in fair cash value ($25,000 equalized assessed value) and continues for four years from the date the improvement or rebuilding is completed and occupied. Moultrie County grants the Homestead Improvement Exemption automatically; however, as is the case with all exemptions, it is the taxpayer's responsibility to ensure this exemption has been properly applied to their tax bills each year. Please call the Moultrie County Assessment Office to confirm your eligibility or if you have any questions about this exemption.
Returning Veterans' Homestead Exemption
Download Application (PTAX-341)
The Returning Veterans' Homestead Exemption provides a one-time $5,000 reduction in a property's equalized assessed value (EAV) of the veteran's principal residence for the taxable year that the veteran returns from active duty in an armed conflict involving the armed forces of the United States, however if the veteran first acquires his or her principal residence during the taxable year in which he or she returns, but after January 1 of that year, and if the property is owned and occupied by the veteran as a principal residence on January 1 of the next taxable year, he or she may apply for the exemption for the next taxable year, and only the next taxable year after he or she returns. The veteran must own and occupy the property on January 1 of the assessment year as his or her principal residence. To receive this exemption, the veteran must file an application upon their return home.
You can claim only one of the following disabled homestead exemptions on your property for a single assessment year. This Disabled Veterans' Homestead Exemption is up to a $100,000 reduction in a property's equalized assessed value (EAV) for specially adapted housing, or Disabled Veterans' Standard Homestead Exemption is an annual reduction in a property's EAV, of $2,500 for a service connected disability of 30% to 49%, or $5,000 for a service connected disability of 50% to 69%, or TOTAL exemption from taxes for a service connected disability of 70% or greater, or Disabled Person's Homestead Exemption is an annual $2,000 reduction in a property's EAV.
Disabled Veterans' Homestead Exemption
The Disabled Veterans' Homestead Exemption provides up to a $100,000 reduction in the equalized assessed value (EAV) for specially adapted housing. Contact the Illinois Department of Veterans Affairs at 217-782-3421 for information and application.
The Disabled Veterans' Standard Homestead Exemption provides an annual reduction in the equalized assessed value (EAV) of a primary residence owned and occupied by a disabled veteran on January 1 of the assessment year. The amount of the exemption depends on the percentage of the service connected disability as certified by the U.S. Department of Veterans' Affairs. A disabled veteran with at least a 70% service-connected disability will receive a TOTAL exemption from the taxes on the residential land and buildings. A disabled veteran with at least 50%, but less than 70% service connected disability will receive a $5,000 reduction in property's EAV. A disabled veteran with at least 30% but less than 50% will receive a $2,500 reduction in property's EAV. A disabled veteran must file an initial application and an annual renewal application to receive this exemption.
Application for the Homestead Exemption for Persons with Disabilities and Annual Renewal
Download Application (PTAX-343)
Download Annual Verification (PTAX-343-R)
Last date to apply 07/01/2021. Please call our office if you miss this deadline.
Physician's Statement for the Homestead Exemption for Persons with Disabilities
Download Application (PTAX-343-A)
The Homestead Exemption for Persons with Disabilities provides a $2,000 reduction in the equalized assessed value (EAV) of the property owned and occupied as a primary residence on January 1 of the assessment year by a disabled person who is liable for the payment of property taxes. A disabled person must file an initial application and an annual renewal application to receive this exemption.
Non-Homestead Exemptions for Religious, Charitable, Educational, or Governmental Organizations
Properties of religious, charitable, and educational organizations, as well as units of federal, state and local governments, are eligible for exemption from property taxes to the extent provided by law. The organization must apply for exemption to the Moultrie County Board of Review which reviews the application and forwards it to the Illinois Department of Revenue (ILDOR) for the final administrative decision. Please contact the Moultrie County Assessment Office for applications and further information.