Lake County officials have scheduled outreach sessions across the region to help senior citizens with the senior citizen assessment freeze and homestead exemption programs.
The chief county assessment office and the Lake County Township Assessors Association are hosting 14 informational meetings where seniors can get one-one-one assistance in filling out the forms on homestead exemption freezes.
Aimed at helping seniors who have a household income of less than $55,000 save money, the Senior Citizen Assessment Freeze could be taken advantage of by many more seniors, said Chief County Assessment Officer Martin Paulson.
“We have about 13,000 people enrolled in the program now out of 33,000 people in our senior homestead exemption who could potentially be in” the assessment freeze program, Paulson said.
The homestead exemption lowers the assessed value of properties by $4,000, but the assessment freeze could hold the assessed value of a home over several years, even if the true assessed rate increases.
“Let’s say you and I have the same assessed value – and it’s $100,000. I’m on the assessment freeze program because I’m 70 and I’ve been in it for 5 years. In that period, my assessment went from $80,000 to $100,000, so essentially that $20,000 — I get off of my assessments,” Paulson explained.
However, if valuations do not increase, and actually decrease, the lower assessment will be entered as the frozen rate, Paulson said. The assessment freeze begins when residents are accepted into the program. It’s not retroactive.
Residents do not have to re-enroll each year for the homestead exemption application, but do have to reapply for the assessment freeze every year, in case household incomes change.
“It’s a tremendous benefit for seniors, we’re in a time like right now people when many more could’ve benefited from it,” he said.
Filling out the paperwork for either program involves filling out applications that look like a simple tax form, Paulson said. Those who are eligible for the assessment freeze and homestead exemption must be age 65 or older, own the property of principal residence for the last two Jan. 1, have a household income of $55,000 or less. Participants should bring copies of income such as a 2010 federal income tax form and a social security statement.
In the meantime, he said seniors can ask for help at his office or at township offices.
For more information, go to http://www.lakecountyil.gov/assessor , call 847-377-2050 or e-mail assessor@lakecountyil.gov.
The following is a list of outreach session locations and dates:
Vernon Hills
1 to 2 p.m. April 11 at Vernon Hills Village Hall, senior center, 290 Evergreen Drive, Vernon Hills
Lake Villa
9 to 10 a.m., April 13 at Lake Villa Township West, 37850 North Route 59, Lake Villa
North Chicago
1 to 2 p.m., April 13, Foss Park District, 1730 Lewis Avenue, North Chicago
Antioch
10:30 to 11:30 a.m., April 18, Antioch Senior Center, 817, Holbeck Ave., Antioch
Mundelein
1 to 3 p.m., April 20, The Regent Center, 1200 Regent Drive, Mundelein
Fox Lake
10 to 11 a.m. April 21, Fox Lake Lakefront Park, 71 Nippersink Blvd., Fox Lake
Waukegan
9 to 11 a.m., April 25, Park Place, 414 South Lewis Ave., Waukegan
Round Lake
1 to 3 p.m., April 26 Round Lake Area Park District Senior Center, 814 Hart Road, Round Lake
Highland Park
10 a.m. to 12 p.m., April 29, Recreation Center of Highland Park, 1207 Park Ave. West, Highland Park
Zion
Noon to 2 p.m., May 4, Zion Park District, 2600 Emmaus…, Zion, Illinois
Libertyville
10 to 11 a.m., May 6 Libertyville Civic Center, 135 West Church Street, Libertyville
Deerfield
9:30 to 11 a.m., May 10, Patty Turner Senior Center, 275 Elm Street, Deerfield
Grayslake
10 to 11 a.m., May 16 Grayslake Park District, 240 Commerce Drive, Grayslake
Lake Forest-Lake Bluff
1 p.m. to 3 p.m., May 19 Dickinson Hall, Lake Forest-Lake Bluff Senior Center, 100 East Old Mill Road, Lake Forest
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