Exemption Information

All real estate assessment exemptions are administered through the Kane County Supervisor of Assessments Office. However the Virgil Township Assessor’s Office will be happy to assist you with applications or questions.

The General Homestead Exemption is available to all citizens who are the owner of record or have an equitable interest in the parcel on January 1 of the tax year. To qualify you must also live in the residence on January 1 of the tax year.  This exemption is a $6,000 reduction in the equalized assessed value (this will increase to $8,000 in equalized assessed value starting with the 2023 Assessment Year). All first year residents must apply. Forms are available at the Supervisor of Assessments Office, 630-208-3818, or may be obtained through the Virgil Township Assessor’s Office. Forms are available on line at the Kane County Supervisor of Assessments Office

The Senior Citizen Exemption is available to all homeowners who turn 65 years of age during the tax year. Like the General Homestead Exemption you must be the owner of record or have an equitable interest in the parcel and reside in the home. This exemption reduces the equalized assessed value by $5,000 (this will increase to $8,000 in equalized assessed value starting with the 2023 Assessment Year). You must apply for this exemption when you turn 65. After initial application is filed, no annual renewal is required. Forms are available at the Supervisor of Assessment Office or the Virgil Township Assessor’s Office. Senior citizens who qualify for this exemption may also be eligible for the Senior Citizen Assessment Freeze Exemption and Senior Citizens Real Estate Tax Deferral Program, which is administered through the Kane County Treasurer’s Office, 630-232-3565.

The Senior Citizen Assessment Freeze allows a person who qualifies for the Senior Citizen Exemption to freeze the assessment at a base year, causing the assessment not to increase. To receive this freeze you must have resided at the property on January 1 of the current year and January 1 0f the prior year. Also the gross household income in the prior year must not exceed $65,000. This application must be submitted every year. After the original application has been approved an application will be sent to you in the spring of subsequent years.

The Home Improvement Exemption is available to home owners who add an improvement to their existing structure. This is a four year exemption based on market value of the improvement and is limited to $25,000 of assessed value. You do not need to apply for this exemption. The township assessor will certify the improvement for exemption to the Supervisor of Assessments Office.

There are other exemptions available. Among them are the Returning Veteran’s Homestead Exemption, the Disabled Veteran’s Homestead Exemption, and the Disabled Person’s Homestead Exemption. Please contact the Virgil Township Assessor’s Office or the Kane County Supervisor of Assessments Office for more information.