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
B-52 bomber crashes after takeoff from California base
Kiley maintains lead in California congressional race
Chicago council defers meter sale approval, criticizes Johnson over ‘lack of transparency’
Funding, tax questions loom over Obama Center opening
SECURE Data Act offers ‘clear, enforceable’ privacy rules, without the big money lawsuits
Illinois Quick Hits: State announces new Medicaid contracts
Record tornado numbers impact Illinois economy
Trump and Iran sign peace deal amid mixed responses from Congress
Trump throws another curveball at FISA Section 702 reauthorization
Supreme Court to hear jury limits, disability cases
Campaign begins highlighting NYC nonprofit hospital’s prioritizing ‘woke’ ideology
Pro life org asks Senate for another bill to keep abortion defunded of tax dollars