Real Estate Tax Deferral Program Available for Senior Citizens

With her hand on her chin, a senior woman puzzles at her monthly finances, looking at the paperwork, and with her laptop on her knees, while at home on her couch

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The Illinois Department of Revenue is reminding senior citizens about the availability of the Senior Citizens Real Estate Tax Deferral Program. The program, which works like a loan, allows qualified seniors to defer all or part of their property taxes and special assessment payments on their principal residences. Taxpayers who apply and qualify are allowed to defer a maximum of $7,500 per tax year, including both first and second installment payments. The deadline to apply for the program is March 1.

***Courtesy of the Illinois Radio Network***

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