Preferential Assessments

The IL Property Tax Code provides preferential assessments (an assessment other than 33 1/3% of fair cash value) for certain types of property uses such as:

Wooded Acreage -  The Property Tax Code provides several options for preferential assessment of wooded acreage. IL Dept. of Revenue Publication 135  provides specific information for Forestry Management, Conservation Stewardship, and Transition Percentage. The Forestry Management and Conservation Stewardship programs are administered by the IL Dept. of Natural Resources. For more information and applications go to http://www.dnr.illinois.gov .

Farmland and Farm Buildings - (click here for IL-DOR Farmland & Buildings manual) Farmland and buildings are assessed based upon their contribution to the farm. In order to qualify the land and/or buildings must be used for agricultural purposes. The statutory definition of a farm is "any property used solely for the growing and harvesting of crops; for the feeding, breeding and management of livestock; for dairying or for any other agricultural or horticultural use or combination thereof; including, but not limited to, hay, grain, fruit, truck or vegetable crops, floriculture, mushroom growing, plant or tree nurseries, orchards, forestry, sod farming and greenhouses; the keeping raising and feeding of livestock or poultry, including dairying, poultry, swine, sheep, beef cattle, ponies or horses, fur farming, bees, fish and wildlife farming. The dwellings and parcels of property on which farm dwellings are immediately situated shall be assessed as part of the farm. Improvements, other than farm dwellings, shall be assessed as a part of the farm and in addition to the farm dwellings when such buildings contribute in whole or in part to the operation of the farm. For purposes of this Code, "farm" does not include property which is primarily used for residential purposes even though some farm products may be grown or farm animals bred or fed on the property incidental to it's primary use. The ongoing removal of oil, gas, coal or any other mineral from property used for farming shall not cause that property to not be considered as used solely for farming." (Source: P.A. 86-1481; 87-877; 88-455.)

In order to apply for a farmland assessment, complete the Farmland Assessment Application and return it to the CCAO office along with all supporting documentation.

Demonstration Model HomeIf your property is used for model home purposes you may qualify for the Demonstration Model Home preferential assessment. The property must be a single-family residence, townhome, or condominium, used solely as a model home for prospective buyers, and not occupied as a dwelling. The model home may contain home furnishings, appliances, offices, and office equipment to further sales activities. To apply, complete the Model Home Assessment application and return it to the CCAO office by December 31 of the assessment year. If the home becomes ineligible for the Model Home Assessment, property owners are required to file the Certificate of Ineligibility with the CCAO within 60 days of ineligibility.  

Fraternal Organization Assessment Freeze -  The Internal Revenue Code (IRC) Section 501 (c)(10) fraternal organization assessment freeze, enacted under 35 ILCS 200/10-350, allows qualified fraternal organizations chartered by the state of Illinois prior to 1900, or its subordinate organization or entity, to elect to freeze the assessed value (AV) of the real property it owns and uses. The AV is frozen by the chief county assessment officer (CCAO) at 15 percent of the AV for property for the tax year the property first qualifies. Any improvements or additions made to the property that increase the AV of the property are also frozen at 15 percent of the AV. Completed applications should be forwarded to the CCAO office.

Veterans Organization Assessment FreezeThe veterans organization assessment freeze (35 ILCS 200/10-300) allows qualified veterans organizations, chartered under federal law, to elect to freeze the assessed value (AV) of the real property it owns and on which is located the principal building for the post, camp, or chapter. The AV is frozen by the chief county assessment officer (CCAO) at 15 percent of the AV for the property for the tax year that the property first qualifies. Any improvements or additions that are made to the property that increase the AV of the property also are frozen at 15 percent of the AV of the improvement or addition in the year first assessed. Completed applications should be forwarded to the CCAO office.