WayneTwp: Notes from the Assessor

Notes from the Assessor

From the April / May 2017 Senior Center Newsletter:

Senior Citizen Exemptions
The Supervisor of Assessments will mail Senior Homestead Exemption status forms and Senior Citizens Assessment Freeze Exemption applications in April. Please return the Senior Homestead status forms to the Supervisor of Assessments at your earliest convenience to ensure that the exemption remains on the property.

As always, my staff is available to assist you in completing your Senior Freeze application. Please bring your 2016 S.S.A. 1099 and U.S. 1040 forms. As a reminder, this exemption is available to seniors with total household income of $55,000 or less. This exemption does not freeze the tax bill, but instead freezes the assessed value. The deadline to apply for the Senior Freeze Exemption for 2017 (payable 2018) is October 1, 2017.

Potential Legislative Changes Affecting Senior Citizens
In February, I attended a news conference in Naperville Township held by several State Legislators and the Naperville Township Assessor, announcing proposed legislation to increase the assessment reduction for the Senior Citizens Homestead Exemption from $5,000 to $7,000.

These legislators are also sponsoring a bill to increase the income limit for the senior Citizens Assessment Freeze Exemption from $55,000 to $75,000. The household income level has been increased since 2008.

I strongly support both of these bills, and will keep you updated on their progress through the legislature.

Michael E. Musson
Wayne Township Assessor


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