Lisle Township

John Trowbridge II, Assessor

 

Property search

Wednesday, November 13, 2019

Lisle Township Assessor

1280 Iroquois Ave
Suite 300
Naperville, IL 60563
Phone: 630-968-1183
Fax: 630-968-1236
E-Mail

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

Senior Homestead Exemption (35 ILCS 200/15-170)

Estimate of Property Tax Savings

Example: A property with a fair market value of $240,000 is owner occupied and receives the senior homestead exemption. This is only an example. Your specific savings will vary depending upon your local tax rate.

   Without Senior
Exemption
 With Senior
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  -    5,000
 Billing Value  80,000  75,000
 Local Tax Rate  X .07211  X .07211
 Tax Amount  $5,768.80  $5,408.25

ANNUAL TAX SAVINGS: $5,768.80 - $5,408.25 = $360.55