Illinois has some of the highest property taxes in the country. Unfortunately, it impacts many older American citizens. But many of them don’t realize they may qualify for relief through the state’s property tax freeze program. It is officially called the Senior Citizens Assessment Freeze Homestead Exemption, and it freezes a qualifying homeowner’s equalized assessed value (EAV). This means that rising assessments don’t push seniors’ tax bill higher. Here are the most important things to understand before assuming you’re stuck with rising taxes.
