Lisle Township

John Trowbridge II, Assessor

 

Property search

Saturday, May 18, 2013

Lisle Township Assessor

4721 Indiana Ave.
Lisle, IL 60532
Phone: 630-968-1183
Fax: 630-968-1236
E-Mail

Monday - Friday
8:30AM - 4:30PM

Disabled Veteran Exemption (35 ILCS 200/15-165)

Estimate of Property Tax Savings

Example: A disabled veteran applies for and qualifies for this exemption on his property that has a fair market value of $240,000. This is only an example. Your specific savings will vary depending upon your local tax rate.

   Without Veteran
Exemption
  With Veteran
Exemption
 Fair Market Value  240,000  240,000
 Level of Assessment  X 33 1/3 % X 33 1/3 %
 Equalized Value  80,000  80,000
 Exemption Amount  -         0  -    70,000
 Billing Value  80,000  10,000
 Local Tax Rate  X .07211  X .07211
 Tax Amount  $5,768.80  $721.11

ANNUAL TAX SAVINGS: $5,768.80 - $721.11 = $5,047.69