Illinois Residential Real Property Tax Incentive for Historic Properties

Acerca de Este Programa

Property tax incentive for substantial rehabilitation of owner-occupied historic homes in Illinois. Assessed value is frozen for 8 years for homes at least 50 years old with qualifying rehabilitation equal to 25% or more of the market value.

Freezes assessment for 8 years after qualified rehabilitation

Detalles Clave

• 8-year assessment freeze for historic homes
• Home must be at least 50 years old
• Rehab must equal 25%+ of market value
• Must be owner-occupied
• Apply before starting work

Como Solicitar

Un contratista con experiencia en subvenciones en Peoria, IL puede encargarse del papeleo, las inspecciones y los plazos para que sus fondos se liberen a tiempo. La conexion es gratuita.

Deadline: Apply before starting rehabilitation work