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Tax Savings Program

Tax Savings Program
You can save between $500 and $1500 on your property taxes. It’s true!!

The Property Tax Code has been amended by the Illinois General Assembly which will continue to offer owners property tax savings for another ten years expiring in the year 2024. Properties located within a qualified Township and census tract that have a housing choice voucher contract can save between $500 and $1,500 on property taxes.

  • The property is located in a qualified Township
  • The property is located within a census tract that has a poverty level below 10%, using the most recent Census data.
  • At least one tenant was renting at this property had a housing choice voucher on January 1st of the taxable year.
  • The unit passed the most recent Housing Quality Standards inspection and is in compliance with local building codes.
  • The Landlord does not owe the Housing Authority any money.
  • The owner has completed a tax savings application (here) and submitted the $50 fee
  •     Money order & Cashier's Check are the only forms of payment accepted by LCHA.
  •     Checks can be made payable to The Lake County Housing Authority
  •     Applications can also be picked up at our Central Office Located at Grayslake.

Landlords receive up to a 19% reduction in the Equalized Assessed Value (EAV) of the property depending on the number of qualified units. Qualified units are limited to two units or 20% of total units in building, whichever is greater. Landlords can qualify for the abatement a maximum of 10 times.                             

The qualified Townships are: Cuba, Ela, Fremont, Libertyville, Moraine, Newport, Shields, Vernon, and West Deerfield.

Please feel free to contact Valeria Figueroa with any questions at (847) 223-1170 extension 2490 or via e-mail at vfigueroa@lakecountyha.org.

The deadline to submit an application is November 30, 2019.