Download the 2010 Application for Housing Choice Voucher Tax Savings Program here!

Tax Savings Program 

You can save between $150 and $1500 on your property taxes. It's true!!

All you do is fill out the application, return it to the Housing Authority and look for your tax savings on your tax bill next spring.

 

The Property Tax Code amended by the Illinois General Assembly and signed into law, offers owners of property located within a qualified census tract and township, who have a housing choice voucher contract with a housing authority, up to a 19% tax savings off their property taxes.

 

To qualify, the Housing Authority must certify the following:

• The property is located within a census tract that has a poverty level below 10%, using data from the 2000 Census.

• At least one tenant that was renting at this property had a housing choice voucher on January 1^st of the taxable year.
   
• The unit passed the most recent Housing Quality Standards inspection and is in compliance with local building codes.

• The owner has completed an application form

 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)

                                

The qualifying cities are:  Antioch, Barrington, Beach Park (Newport Twp only)

                                            Buffalo Grove, Deerfield, Fox Lake, Gages Lake,

                                            Gurnee, Highland Park, Highwood, Ingleside,

                                            Island Lake, Lake Bluff, Lake Forest, Lakemoor,

                                            Lake Zurich, Libertyville, Long Lake, Mundelein,

                                            Park City (Warren Twp only), Prairie View,

                                            Round Lake (Freemont Twp only), Spring Grove,

                                            Vernon Hills, Wadsworth, Wildwood, and Wauconda.

 

Lake County Housing Authority has the applications in our main office or you can download one now by clicking on the link at the top of this page.

 

If you have any questions, you can contact Janet Contreras at jcontreras@lakecountyha.org.

We often get calls wanting to know who will take useable furniture in good condition for families in need. One suggestion would be contact LOVE INC. LOVE INC often helps needy families locate the essentials for everyday living. They may be reached at (847) 731-0526 ext 112 or visit their website at www.loveinclakecty.net.