Chapter 35 — REVENUE

(35 ILCS 200/15-115) Sec. 15-115. Municipal power agencies. Property that is part of a project owned by a municipal power agency organized under Division 119.1 of Article 11 of the Illinois Municipal Code is exempt. (Source: P.A. 83-997; 88-455.)

(35 ILCS 200/15-120) Sec. 15-120. Municipal natural gas agencies. Property that is part of a project owned by a municipal natural gas agency organized under Division 119.2 of Article 11 of the Illinois Municipal Code is exempt. (Source: P.A. 84-1221; 88-455.)

(35 ILCS 200/15-125) Sec. 15-125. Parking areas. (a) Parking areas, not leased or used for profit other than those lease or rental agreements subject to subsection (b) of this Section, when used as a part of a use for which an exemption is provided by this Code and owned by any s…

(35 ILCS 200/15-130) Sec. 15-130. Municipal corporations providing railroad terminals. All property of any municipal corporation created for provision of railroad terminals, railroad terminal facilities and the approaches to them, is exempt including, but not limited to, any Rail…

(35 ILCS 200/15-135) Sec. 15-135. School districts and community college districts. All property of public school districts or public community college districts not leased by those districts or otherwise used with a view to profit is exempt. (Source: P.A. 83-1312; 88-455.)

(35 ILCS 200/15-140) Sec. 15-140. Public water districts and water and drainage works. All property belonging to any public water district organized or existing under the Public Water District Act is exempt, as is all property belonging exclusively to any incorporated town, villa…

(35 ILCS 200/15-141) Sec. 15-141. Water commission property. All property belonging to any water commission organized or existing under joint acquisition and operation of a water supply and waterworks system, a common source of supply of water, or both, as provided in Division 13…

(35 ILCS 200/15-143) Sec. 15-143. Metropolitan Water Reclamation Districts in counties with a population greater than 3,000,000. (a) All property that is located in a county with a population greater than 3,000,000 and that is owned by a metropolitan water reclamation district in…

(35 ILCS 200/15-145) Sec. 15-145. Property of veterans' organizations. All property of veterans' organizations used exclusively for charitable, patriotic and civic purposes is exempt. (Source: Laws 1967, p. 4030; P.A. 88-455.)

(35 ILCS 200/15-15) Sec. 15-15. Obligation to file copies of leases or agreements. If any property listed as exempt by the chief county assessment officer is leased, loaned or otherwise made available for profit, the titleholder or the owner of the beneficial interest shall file …

(35 ILCS 200/15-150) Sec. 15-150. Forest preserve districts. All property belonging to any forest preserve district organized or existing under the laws of this State and any property as described in Section 18.6d of the Downstate Forest Preserve District Act is exempt. (Source: …

(35 ILCS 200/15-151) Sec. 15-151. Joliet Arsenal Development Authority. All property owned by the Joliet Arsenal Development Authority is exempt. Any property owned by the Joliet Arsenal Development Authority and leased to an entity that is not exempt shall remain exempt. The lea…

(35 ILCS 200/15-155) Sec. 15-155. Port districts. All property belonging to the Chicago Regional Port District or any other port district created by the legislature of this State is exempt. However, a tax may be levied upon a lessee of such property based on the value of a leaseh…

(35 ILCS 200/15-160) (Text of Section WITH the changes made by P.A. 97-1161, which has been held unconstitutional) Sec. 15-160. Airport authorities and airports. (a) All property belonging to any Airport Authority and used for Airport Authority purposes or leased to another entit…

(35 ILCS 200/15-165) Sec. 15-165. Veterans with disabilities. Property up to an assessed value of $100,000, owned and used exclusively by a veteran with a disability, or the spouse or unmarried surviving spouse of the veteran, as a home, is exempt. As used in this Section, a "vet…

(35 ILCS 200/15-167) Sec. 15-167. Returning Veterans' Homestead Exemption. (a) Beginning with taxable year 2007, a homestead exemption, limited to a reduction set forth under subsection (b), from the property's value, as equalized or assessed by the Department, is granted for pro…

(35 ILCS 200/15-168) Sec. 15-168. Homestead exemption for persons with disabilities. (a) Beginning with taxable year 2007, an annual homestead exemption is granted to persons with disabilities in the amount of $2,000, except as provided in subsection (c), to be deducted from the …

(35 ILCS 200/15-169) Sec. 15-169. Homestead exemption for veterans with disabilities and veterans of World War II. (a) Beginning with taxable year 2007, an annual homestead exemption, limited as provided in this Section, is granted for property that is used as a qualified residen…

(35 ILCS 200/15-170) Sec. 15-170. Senior citizens homestead exemption. (a) An annual homestead exemption limited, except as described here with relation to cooperatives or life care facilities, to a maximum reduction set forth below from the property's value, as equalized or asse…

(35 ILCS 200/15-172) Sec. 15-172. Low-Income Senior Citizens Assessment Freeze Homestead Exemption. (a) This Section may be cited as the Low-Income Senior Citizens Assessment Freeze Homestead Exemption. (b) As used in this Section: "Applicant" means an individual who has filed an…

(35 ILCS 200/15-173) Sec. 15-173. Natural Disaster Homestead Exemption. (a) This Section may be cited as the Natural Disaster Homestead Exemption. (b) As used in this Section: "Base amount" means the base year equalized assessed value of the residence. "Base year" means the taxab…

(35 ILCS 200/15-174) Sec. 15-174. Community stabilization assessment freeze pilot program. (a) Beginning January 1, 2015 and ending June 30, 2029, the chief county assessment officer of any county may reduce the assessed value of improvements to residential real property in accor…

(35 ILCS 200/15-174.5) Sec. 15-174.5. Special homestead exemption for certain municipality-built homes. (a) This Section applies to property located in a county with 3,000,000 or more inhabitants. This Section also applies to property located in a county with fewer than 3,000,000…

(35 ILCS 200/15-175) Sec. 15-175. General homestead exemption. (a) Except as provided in Sections 15-176 and 15-177, homestead property is entitled to an annual homestead exemption limited, except as described here with relation to cooperatives or life care facilities, to a reduc…

(35 ILCS 200/15-176) Sec. 15-176. Alternative general homestead exemption. (a) For the assessment years as determined under subsection (j), in any county that has elected, by an ordinance in accordance with subsection (k), to be subject to the provisions of this Section in lieu o…

(35 ILCS 200/15-177) Sec. 15-177. The long-time occupant homestead exemption. (a) If the county has elected, under Section 15-176, to be subject to the provisions of the alternative general homestead exemption, then, for taxable years 2007 and thereafter, regardless of whether th…

(35 ILCS 200/15-178) Sec. 15-178. Affordable housing special assessment programs; reduction in assessed value for affordable rental housing construction or rehabilitation. (a) The General Assembly finds that there is a shortage of high quality affordable rental homes for low-inco…

(35 ILCS 200/15-180) Sec. 15-180. Homestead improvements. Homestead properties that have been improved and residential structures on homestead property that have been rebuilt following a catastrophic event are entitled to a homestead improvement exemption, limited to $30,000 per …

(35 ILCS 200/15-185) Sec. 15-185. Exemption for leaseback property and qualified leased property. (a) Notwithstanding anything in this Code to the contrary, all property owned by a municipality with a population of over 500,000 inhabitants, a unit of local government whose jurisd…

(35 ILCS 200/15-20) Sec. 15-20. Notification requirements after change in use or ownership. If any property listed as exempt by the chief county assessment officer has a change in use, a change in leasehold estate, or a change in titleholder of record by purchase, grant, taking o…

(35 ILCS 200/15-25) Sec. 15-25. Removal of exemptions. If the Department determines that any property has been unlawfully exempted from taxation, or is no longer entitled to exemption, the Department shall, before January 1 of any year, direct the chief county assessment officer …

(35 ILCS 200/15-30) Sec. 15-30. Payment to taxing districts for services. Any taxing district may enter into a mutually acceptable agreement with the owner of any exempt property whereby the owner agrees to make payments to the taxing district for the direct and indirect cost of …

(35 ILCS 200/15-35) Sec. 15-35. Schools. All property donated by the United States for school purposes, and all property of schools, not sold or leased or otherwise used with a view to profit, is exempt, whether owned by a resident or non-resident of this State or by a corporatio…

(35 ILCS 200/15-37) Sec. 15-37. Educational trade schools. Property that is owned by a non-profit trust fund and used exclusively for the purposes of educating and training individuals for occupational, trade, and technical careers and is certified by the United States Department…

(35 ILCS 200/15-40) Sec. 15-40. Religious purposes, orphanages, or school and religious purposes. (a) Property used exclusively for: (1) religious purposes, or (2) school and religious purposes, or (3) orphanages qualifies for exemption as long as it is not used with a view to pr…

(35 ILCS 200/15-45) Sec. 15-45. Cemetery purposes. All property used exclusively for cemetery purposes is exempt. Property used exclusively for cemetery purposes includes cemetery grounds and improvements such as offices, maintenance buildings, mausoleums, and other structures in…

(35 ILCS 200/15-5) Sec. 15-5. Creation of exemptions. (a) Any person wishing to claim an exemption for the first time, other than those entities applying under subsection (b) or persons claiming a homestead exemption under Sections 15-165 through 15-180, shall file an application…

(35 ILCS 200/15-50) Sec. 15-50. United States property. All property of the United States is exempt, except such property as the United States has permitted or may permit to be taxed. (Source: Laws 1959, p. 1549, 1554, 2219, and 2224; P.A. 88-455.)

(35 ILCS 200/15-55) Sec. 15-55. State property. (a) All property belonging to the State of Illinois is exempt. However, the State agency holding title shall file the certificate of ownership and use required by Section 15-10, together with a copy of any written lease or agreement…

(35 ILCS 200/15-60) Sec. 15-60. Taxing district property. All property belonging to any county or municipality used exclusively for the maintenance of the poor is exempt, as is all property owned by a taxing district that is being held for future expansion or development, except …

(35 ILCS 200/15-65) Sec. 15-65. Charitable purposes. All property of the following is exempt when actually and exclusively used for charitable or beneficent purposes, and not leased or otherwise used with a view to profit: (a) Institutions of public charity. (b) Beneficent and ch…

(35 ILCS 200/15-66) Sec. 15-66. Library systems and public library districts. All property used exclusively for public purposes belonging to a library system established under the Illinois Library System Act or belonging to a public library district established under the Public L…

(35 ILCS 200/15-70) Sec. 15-70. Fire protection purposes. All property used exclusively for fire protection purposes and belonging to any city, village, or incorporated town is exempt. All property of a corporation or an association which maintains a fire patrol and salvage corps…

(35 ILCS 200/15-75) Sec. 15-75. Municipal corporations. All market houses, public squares and other public grounds owned by a municipal corporation and used exclusively for public purposes are exempt. (Source: Laws 1963, p. 1725; P.A. 88-455.)

(35 ILCS 200/15-80) Sec. 15-80. Installment purchase of property by a governmental body. All property that is being purchased by a governmental body under an installment contract pursuant to statutory authority and used exclusively for the public purposes of the governmental body…

(35 ILCS 200/15-85) Sec. 15-85. Agricultural or horticultural societies. All property used exclusively by societies for agricultural or horticultural purposes, and not used with a view to profit, is exempt. (Source: Laws 1959, p. 1549, 1554, 2219, and 2224; P.A. 88-455.)

(35 ILCS 200/15-86) Sec. 15-86. Exemptions related to access to hospital and health care services by low-income and underserved individuals. (a) The General Assembly finds: (1) Despite the Supreme Court's decision in Provena Covenant Medical Center v. Dept. of Revenue, 236 Ill.2d…

(35 ILCS 200/15-90) Sec. 15-90. Military schools and academies. All property of military schools and academies is exempt, including buildings, equipment and lands, not exceeding 10 acres, if used exclusively for school purposes and wherein military science and instruction are par…

(35 ILCS 200/15-95) Sec. 15-95. Housing authorities. (a) All property of housing authorities created under the Housing Authorities Act is exempt, if the property and improvements are used for low rent housing and related uses. However, property or portions thereof intended or use…

(35 ILCS 200/16-10) Sec. 16-10. Summons by the board of review or board of appeals. A board of review or board of appeals may summon any assessor, deputy, or other person to appear before it to be examined under oath concerning the method by which any evaluation has been ascertai…