WayneTwp: Notes from the Assessor
Wayne Township Will Be Closed Today In Honor of Memorial Day.    

Notes from the Assessor

From the June / July 2017 Senior Center Newsletter:

2016 Tax Bills
The 2016 tax bills, payable in 2017, were recently mailed to all DuPage County property owners. Most property owners in Wayne Township saw tax increases of less than 2% this year. The first installment is due June 1, 2017, and the second installment on September 1, 2017.

Senior Homestead Exemptions
The Supervisor of Assessments’ office recently mailed status forms to all recipients of the Senior Citizens Homestead Exemption, to renew the exemption for the 2017 tax year (payable in 2018). Please return the cards by mail to the Supervisor of Assessments’ office or in person to my office, at your earliest convenience.

If you will be turning 65 during 2017, you can apply for this exemption at my office. Please bring proof of age (typically a driver’s license or state ID), and proof of ownership, such as the warranty deed or deed-in-trust with trust agreement. Call my office at (630)231-8900 if you have questions.

This exemption reduces the Equalized Assessed Value by $5,000. For a Senior Citizen whose tax rate is $9.00 per one hundred dollars of assessed value, the tax savings would be $450.

Applications are also available for the Senior Citizens Assessment Freeze Exemption. This exemption is available to senior citizens who will be 65 or older during 2017, with a 2015 total household income of $55,000 or less. The applicant must also have owned and occupied the house on January 1, 2016, and January 1, 2017. Please bring your 2016 U.S. 1040 and SSA 1099 forms.

Most recipients of the Senior Freeze Exemption are again receiving noticeable tax relief. For many years the Senior Freeze Exemption did not provide much benefit to recipients because assessed values were decreasing. Because the real estate market has been improving since 2013, most assessed values increased for 2015 and 2016, and will continue to increase in 2017. These increases will result in increased tax savings for recipients of the exemption. Each year the applicant’s assessed value increases, the amount of his/her Senior Freeze Exemption (and therefore the amount of tax savings) increases.

My staff and I are here to assist you in applying for these tax-saving exemptions. Please call if you have any questions.

Michael E. Musson
Wayne Township Assessor

For more information...

See the most recent Senior Newsletter