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.
Community Events
Latest News Stories
Illinois business group warns of ‘backbreaking’ progressive income tax
Illinois tops U.S. in pumpkin production despite recent decline in value
Congress moves to restore federal union powers, critics warn of higher costs
Ukraine agrees to preliminary peace plan; Russian strikes continue
Illinois quick hits: Chiropractor sentenced for fraud; fatal airport shooting investigation
Trump administration ends protected status for Burmese nationals
Lincoln-Way 210 Receives Clean Audit, Financial Profile Score Downgraded to ‘Review’
Committee Grants Lenox Solar Farm Project Six-Month Variance Extension
Trump designates Muslim Brotherhood as foreign terrorist organization
Speed Limits Lowered in Green Garden and Frankfort Neighborhoods
Engineering Firm Hired for Gougar Road Bridge Replacement
Unpermitted Log Cabin and Stage Prompt Rezoning in Beecher