Ptax 340 2026

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The document PTAX-340 is an application form for the Senior Citizens Assessment Freeze Homestead Exemption in Illinois. It allows eligible senior citizens, aged 65 or older, to freeze their home's assessed value to prevent increases due to inflation, provided their household income is $65,000 or less. The form requires personal and property information, details about household income, and an affidavit confirming eligibility. It must be filed annually by a specified deadline to maintain the exemption.

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Click ‘Get Form’ to open the PTAX-340 in the editor.
In Part 1, provide your applicant information. Fill in your first name, last name, tax ID number, mailing address, date of birth, city, state, ZIP code, phone number, and email address.
Move to Part 2 and enter the property information. Specify the street address of the property for which you are applying and include the township and county details.
Answer questions regarding previous exemptions by marking 'Yes' or 'No' as applicable. If you answered 'Yes', indicate the base year if known.
In Part 3, detail your household income for the specified year. Include all relevant income sources from each household member as instructed.
Complete Part 4 by marking applicable statements regarding your residency status and signing the affidavit. Ensure it is notarized before submission.

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At what age are you exempt from property tax in Illinois?

Who is eligible? To qualify you must: be age 65 by December 31st of the assessment year for which the application is made. own and occupy the property.

Who qualifies for the Louisiana homestead exemption?

You own and reside at the property in question, and are not signing homestead on any other property. (Only one homestead exemption is allowed. Louisiana law limits married couples to one homestead exemption per couple.)

At what age do seniors stop paying property taxes in Illinois?

To qualify you must: be age 65 by December 31st of the assessment year for which the application is made. own and occupy the property. be liable for the payment of real estate taxes on the property.

What state does not pay property taxes for seniors?

For instance, while most states set the bar at 65, states like Washington allow exemptions starting at 61. Alabama is the only state that offers total property tax exemption to seniors 65 and up.

What is the senior citizen freeze for property taxes in Illinois?

A Senior Freeze Exemption provides property tax savings by freezing the equalized assessed value (EAV) of an eligible property. This does not automatically freeze the amount of their tax bill, only the EAV remains at the fixed amount. Tax rates may change and thus alter a tax bill. Applicants must apply annually.

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What is the income limit for the senior freeze in Illinois?

The total household income limit is $65,000 and the senior must meet certain criteria for the Senior Citizens Assessment Freeze. For applications or questions concerning the exemption, please call the DuPage County Supervisor of Assessments at 630-407-5858 for more information.

What is the Ptax 340 2025 low income senior citizens assessment freeze homestead exemption application and affidavit?

The Low-Income Senior Citizens Assessment Freeze Homestead Exemption (35 ILCS 200/15-172) allows you, as a qualified senior citizen, to have your homes equalized assessed value (EAV) frozen at a base year value and prevent or limit any increase due to inflation.

Do property taxes go down after age 65?

Often, if youre 65 or older, youll be able to reduce your property tax bill not only on a house but mobile and manufactured homes, houseboats, townhomes, condominiums and so on. You will have to apply: You typically need to apply for a senior freeze.

Ptax 340 2026

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Got questions?

At what age are you exempt from property tax in Illinois?

Who qualifies for the Louisiana homestead exemption?

At what age do seniors stop paying property taxes in Illinois?

What state does not pay property taxes for seniors?

What is the senior citizen freeze for property taxes in Illinois?

Security and compliance

Complete this form in 5 minutes or less

People also ask

What is the income limit for the senior freeze in Illinois?

What is the Ptax 340 2025 low income senior citizens assessment freeze homestead exemption application and affidavit?

Do property taxes go down after age 65?

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Ptax 340 2026

Here's how it works

How to use or fill out ptax 340 with our platform

See more ptax 340 versions

Complete this form in 5 minutes or less

Got questions?

At what age are you exempt from property tax in Illinois?

Who qualifies for the Louisiana homestead exemption?

At what age do seniors stop paying property taxes in Illinois?

What state does not pay property taxes for seniors?

What is the senior citizen freeze for property taxes in Illinois?

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Security and compliance

Related forms

Complete this form in 5 minutes or less

People also ask

What is the income limit for the senior freeze in Illinois?

What is the Ptax 340 2025 low income senior citizens assessment freeze homestead exemption application and affidavit?

Do property taxes go down after age 65?

Related links

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