Storm-damaged properties can get lower assessments
April 23, 2013 5:12PM
Updated: May 1, 2013 11:23AM
Properties suffering substanial damage from last week’s heavy rains and flooding can request a lower tax assessment.
When Gov. Pat Quinn declared major disaster area status for 38 Illinois counties this week, it triggered the disaster area reassessment provisions of the Illinois Property Tax Code.
Those provisions are both the Disaster Area Reassessment and the Natural Disaster Homestead Exemption.
Anyone requesting a lower assessment based on storm damage must fill out a form available at their respective county supervisor of assessments office. The form for Kane County residents is available online at http://www.kanecountyassessments.org/flooddamaged.pdf.
“At the top of the form, it does say based on substantial damage caused by the disaster,” said Andy Nicolletti, Kendall County supervisor of assessments. “So it has to be major damage caused by the flooding.”
The disaster area ranged throughout Northeastern Illinois and went even further south than Champaign County. It included Kane, Kendall, DuPage, DeKalb, Grundy and Will counties.
Disaster Area Reassessment provides that upon the declaration of a disaster area, any portion of real property that was “substantially damaged by the disaster” may be eligible for reassessment upon the filing of an application with the county assessment office, according to a press release from Mark Armstrong, Kane County’s supervisor of assessments.
The release goes on to say that if a residential structure occupied by its owner is rebuilt following the flooding, it may qualify for the Natural Disaster Homestead Exemption.
This exemption was enacted by the Illinois General Assembly last year, and is available this year for the first time.
To be eligible for the exemption, the residential structure must be rebuilt within two years, and have a square footage of no more than 110 percent of the prior structure, Kane County officials said.
For questions, call or contact the Supervisor of Assessments in: Kane County, 630-208-3818 or KaneCountyAssessments.org; Kendall County, 630-553-4146 or http://www.co.kendall.il.us/assessors/index.htm; DeKalb County, 815-895-7120 or http://www.dekalbcounty.org/Assessor/exemptions.html; DuPage County; 815-895-7120 or http://www.dupageco.org/soa/