Assessor Announces End to “Empathetic” Tax Reductions, Raises Senior Freeze Threshold
Manhattan Township homeowners will see two significant changes in property assessment rules, including the end of a long-standing practice of granting tax reductions for fire-damaged properties and a beneficial increase in the income threshold for the senior freeze exemption.
Assessor Joe Oldani, attending the May 13 township meeting via phone, reported the changes to the board. He announced his office will no longer be able to offer “empathetic reductions” to homeowners whose properties have been damaged or destroyed by fire. This informal policy had previously provided temporary tax relief to residents during a difficult time, but the practice is being discontinued.
On a more positive note for older residents, Oldani shared that the income threshold for the senior citizen assessment freeze homestead exemption has been increased. The eligibility limit has been raised to $75,000, allowing more seniors on fixed incomes to qualify for the program, which freezes the assessed value of their homes to prevent property tax increases.
Oldani also noted that his office has received relatively few phone calls regarding recent tax bills. He said the majority of inquiries have been from residents seeking information about available exemptions rather than questioning the amount of their bills.
Latest News Stories
WATCH: CA Democrats pass congressional redistricting plan
Pew: U.S. immigrant population declines for first time in nearly 60 years
WATCH: Illinois’ FY23 financial audit released amid criticism of tardy reports
European Union says U.S. consumers will end up paying tariffs
Illinois quick hits: Anti-SLAPP bill signed; Chicago schools settles meditation case
U.S.-EU trade deal includes ceiling for European pharmaceutical imports
Supreme Court allows Trump to block DEI funding
Trump to probe Smithsonian museums for ‘woke’ ideology
Director: Nation’s largest outdoor ag show brings economic impact to central IL
NY appeals court overturns Trump’s civil fraud penalty
Will County P&Z: Washington Township Lot Variance Granted
Will County P&Z Approves Crete Solar Farm, Overruling Township’s General Opposition