Hampton Township Assessor

Exemptions Available to Homeowners

Owner Occupied Exemption

(Also known as the General Homestead Exemption)

This exemption lowers the equalized assessed value of your property up to $6,000.

To qualify for this exemption, you must:

  • Own and occupy the property as your primary residence on January 1 of the tax year.

Senior Homestead Exemption

This exemption lowers the equalized assessed value of your property up to $5,000.

 To receive this exemption, you must:

  • Own and occupy the property as your primary residence.
  • Must have reached age 65 or older during the tax year.
  • Apply for the exemption at the Township Assessor’s office. You will need to bring proof of age and residency with you when you apply.

Senior Citizen Assessment Freeze Exemption

*must be renewed annually*

This exemption freezes the taxable assessment on your property. This exemption is in addition to the Senior Homestead and Owner Occupied exemptions.

 

To receive this exemption, you must:

·         Have owned and occupied the property as your primary residence for two January 1.

·         Be age 65 or older.

·         Have a maximum gross household income of $55,000. This household income includes that of all persons using the property as their principal dwelling place on January 1 of the tax year.

·         Complete and return application to:

         

          Supervisor of Assessments

          1504 3rd Avenue

          Rocks Island, IL 61201

          (309)558-3660

 

Home Improvement Exemption

This exemption defers for four years any increase in the assessment of your property due to an additions or other improvement to your home for which the Assessor would add value.

  • A maximum of $25,000 of assessed value may be deferred under this program
  • The Township Assessor’s Office initiates this exemption, a copy of the application will be mailed.

Limited to single-family, owner occupied,

 

***You may only receive one of the following exemptions***

Disabled Veteran’s Standard Homestead Exemption

This exemption provides an annual reduction in the equalized assessed value of a primary residence occupied by a disabled veteran.

 

To receive this exemption, you must:

·         Own and occupy the property as of January 1 of the assessment year.

·         Be an Illinois resident who has served as a member of the U.S. Armed Forces on active duty, or state active duty, IL National Guard, or U.S. Reserve Forces and not have received a dishonorable discharge.

·         Have at least a 30% service- connected disability certified by the U.S. Department of Veteran Affairs.

·         Have a total EAV of less than $250,000 for the primary residence

 

Returning Veteran’s Exemption

 

Under this program, you will receive a $5,000 reduction in assessed value in the year in which returning from active duty.

 

To receive this exemption, you must:

·         Own and occupy the property as of January 1 of the year returning.

·         Be an Illinois resident who has served as a member of the U.S. Armed Forces, IL National Guard, or U.S. Reserved Forces.

·         Must be returning from duty in an armed conflict. (A Veteran who dies is eligible to receive exemption.)

If called back to active duty, the exemption can be received in another year.

 

Disabled Persons’ Homestead Exemption

 

Under this program, you will receive a $2,000 reduction in assessed value.

 

To receive this exemption, you must:

·         Own and occupy the property as of January 1 of the assessment year.

·         Must be disabled or become disabled during the assessment year.

 

For more information on these exemptions, contact our office.  All first time applicants will need to fill out a form, in subsequent years, renewal forms will be mailed out.

 

 

Helping you understand all aspects of the property assessment process is our priority !