Senior Citizens Real Estate Tax Deferral Program

The Senior Citizens Tax Deferral is a program that allows qualified senior citizens to defer part or all of the property taxes on their personal residence. Please contact the Lake County Treasurer’s Office at 847-377-2323 for a Tax Deferral Application or if you have any questions.

General Information

• This is a state loan with a 6% simple interest rate.
• Repayment upon death or sale of home.
• A lien will be placed on your property.
• The program may be utilized for multiple years, if you meet the qualifications.
• Must file a new application each new tax year.
• You may apply for other senior tax programs even though you are on the deferral program.
• Those that have a current mortgage, 2nd mortgage or reverse mortgage must check with their lending institution to see if you qualify.
• Your completed application must be notarized and returned by March 1.

Requirements of Eligibility

• Applicant must be 65 years old as of June 1st of the tax year claimed.
• Total household income $55,000 or less.
• Maximum shall not exceed $5,000 per taxpayer per year.
• Proof of house insurance
• Property cannot be income producing, such as rental income.
• Applicant must own and occupy residence.
• Property taxes must be current at the time of application.
• The cumulative amount of the deferral plus interest cannot exceed the market value less the value of any liens.
• Taxes may be paid at any time without affecting the deferral status.