Seniors can apply for Property Tax Deferral Program
January 23, 2013 5:50PM
Updated: February 26, 2013 6:25AM
The application period for the DuPage County Senior Citizen Real Estate Tax Deferral Program continues through March 1. The program allows qualifying seniors, ages 65 and older, to defer up to $5,000 of their property taxes until they sell their home.
“To qualify, the applicant’s household income cannot exceed $50,000,” according to DuPage County Treasurer Gwen Henry. “Additionally, the property must be used exclusively for residential purposes. The deferral is treated as a loan and accrues 6 percent simple interest until paid.”
Unfortunately, many seniors are unaware of this vital program.
“To increase awareness, the DuPage County treasurer’s office is once again working with local churches and other organizations to help inform seniors about the existence of the Senior Citizen Real Estate Tax Deferral Program,” Henry continued.
“Last year our efforts to inform seniors of this worthwhile program resulted in more than a 5 percent increase in program participation,” she said.
Henry said that application forms were mailed to last year’s participants Jan. 11.
For a copy of the application, visit the treasurer’s website at www.dupageco.org/treasurer or call 630-407-5900.