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
EXCLUSIVE: 5-year anniversary of Operation Lone Star, nearly 540,000 apprehended
Many Republicans say proposed bipartisan DHS funding deal ‘impossible’
Mullin sworn in as secretary of Homeland Security
Gas spike continues for Illinoisans; state leaders offer no plan to help yet
BREAKING: Minnesota sues feds for evidence in Metro Surge shootings
Supreme Court appears to favor Trump’s asylum border policy
Updated: St. John Woman Charged with Nine Counts of Murder in Crete Township Triple Homicide
NASA plans to build $20 billion base on the Moon
HUD launches investigation into race-based Washington housing program
Illinois lagging the nation for entrepreneurship, economic growth
Illinois Quick Hits: Iowa PA license wait times half of Illinois
Will County Previews ‘GuideWill’ Comprehensive Resource Management Plan