Deductions

Tax Exemptions

Below are a list of available exemptions.  For further information and the forms necessary to apply for these exemptions, please visit the Madison County Website.

Identical or Similar exemptions may be available in other and/or neighboring counties.  Please contact the county’s local assessor office for more information.


General Homestead Exemption

The exemption need only be applied for one time and it remains in effect until the property is sold.

Requirements/Notes:

  1. Owner Occupied – Property that the taxpayer owns and occupies as their principal dwelling
  2. Liable for payment of property taxes
  3. Principal place of residency

General Homestead Exemption of Leasehold Properties:

Apply each year with new application and a copy of the current Lease Agreement. Documenation must be submitted by January 31 of each year.

Brief Eligibility Requirements:

  1. Lessee Occupied
  2. Lessee liable for payment of property taxes
  3. Principal place of residency
  4. Lease Agreement must be for no less than one year (not month to month)
  5. Lease Agreement must expressly state that the lessee is liable for the payment of property taxes

Senior Citizens Homestead Exemption

Owner that is 65 years of age or older must apply each year.

Brief Eligibility Requirements:

  1. Owner Occupied
  2. Liable for the payment of property taxes
  3. 65 years of age or older during the assessment year
  4. Principal place of residency

Senior Citizens Assessment Freeze Homestead Exemption

Owner that is 65 years of age or older must apply each year before July 31st.  If applicant meets certain criteria, they may apply to prevent an increase in the estimate assessed value of their property.

Brief Eligibility Requirements:

  1. Owner Occupied
  2. Liable for the payment of property taxes
  3. 65 years of age or older during the assessment year
  4. Total household income of $55,000.00 or less
  5. Principal place of residency

Person with Disabilities Homestead Exemption:

Available to a disabled person and must be applied for each year.

Brief Eligibility Requirements:

  1. Owner Occupied
  2. Owner liable for payment of property taxes
  3. Disabled or have become disabled during the assessment year
  4. Principal place of residency

Other available exemptions/reductions (Please contact the county or township assessor’s office for more information):

  • Veterans with Disabilities Standard Homestead Exemption
  • Veterans with Disabilities Homestead Exemption
  • Returning Veterans Homestead Exemption
  • Senior Citizen Real Estate Tax Deferral Program
  • Non-homestead Exemptions for Religious, Charitable or Educational Organizations
  • Home Improvement Exemptions
  • Model Home Assessment
  • Fraternal Organization Assessment
  • Veteran’s Organization Freeze
  • Historic Property Exemption
  • Solar Energy Exemption
  • Open Space Exemption

Home Office:

205 N. Second St.
Edwardsville, IL 62025

Phone: 618-656-1275
Fax: 618-656-0719

Escrow Offices:

#22 Ginger Creek Pkwy.
Glen Carbon, IL 62034

Phone: 618-659-0190
Fax: 618-659-0119

140 Regency Centre
Collinsville, IL 62234

Phone: 618-346-8009
Fax: 618-346-7537