Illinois Department of Revenue
 
 
Got Questions?
 
 
 
 
 

What is the Senior Citizens Real Estate Tax Deferral Program?

 
 
Answer #385 -- ( Published 10/20/2005 12:09 PM | Updated 08/08/2012 10:00 AM )

What is the Senior Citizens Real Estate Tax Deferral Program?

The Senior Citizens Real Estate Tax Deferral Program provides tax relief for qualified senior citizens by allowing them to defer all or part of their property tax and special assessment payments on their principal residence.  The deferral is similar to a loan against the property's fair market value.  Deferred amounts are borrowed from the state, who then pays the tax bill to the County Collector's Office. 

Answers others found helpful


Submit a question

:
:

:


 
 
Answer Center
 
 
Quick Links
 
 
 
 
Information For
 
 
 
 
About IDOR