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Prairie State Wire

Sunday, December 22, 2024

Illinois tax deferral program offers relief for senior homeowners

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Rubina Hafeez MBA Chief Economist | Official Website

Rubina Hafeez MBA Chief Economist | Official Website

The Illinois Department of Revenue (IDOR) has issued a reminder to senior citizens regarding the Senior Citizens Real Estate Tax Deferral Program. This initiative enables eligible seniors to defer payment of their property taxes and special assessments on their main residences. The program functions similarly to a loan.

The deadline for applications this year is March 1, 2024.

For further details, individuals are encouraged to consult the official press release.

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