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Illinois Property Tax Laws by yiq12320

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Illinois Property Tax Laws document sample

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									           McHenry County                                         2008 APPLICATION
           Housing Authority                              HOUSING CHOICE VOUCHER PROGRAM

                             RULES FOR QUALIFYING FOR THIS PROGRAM
Under state law, Illinois property owners who rent to participants in the Housing Choice Voucher program
(formerly knows as Section 8) may receive property tax abatement (“tax savings”)in an amount up to 19% of a
property’s Equalized Assessed Value (EAV). The actual amount will depend upon tax rates, the state equalizer,
a property’s EAV, and the number of units rented to voucher recipients. In order to qualify for this tax savings
program, a property owner must submit an application on an annual basis.

    INSTRUCTIONS: Complete entire application. Please print or type. (When completed, keep a copy for your records.)
1. TAXPAYER INFORMATION
Name of property owner:
Mailing Address:
                        Street                                        City/State                        Zip Code
Contact Phone Number:

2. PROPERTY IDENTIFICATION (A separate form must be completed for each PIN.)
Building Address:
                          Street                                             City/State                         Zip Code
Property Index No. (PIN)                                          Township:
Description/Property Type (check):    Detached House/Town Home/Condominium             Multi-Family Building
                                                   Number of Units Leased to Voucher Holders on
Total Number of Units at this Address:__________ January 1 st of the Taxable Year for which Applying: __________

Tenant Name(s):______________________________________________________________________________________________


3. CERTIFICATION
I hereby certify, under penalty of perjury, that all of the following information is correct:
      I am the legal owner of the property for which I am applying for tax abatement; and
      I leased at least one rental unit to a Housing Choice Voucher (HCV) tenant at the property listed above
       on January 1st of the taxable year of which I am applying; and
      All units on the above property leased to HCV tenants were in compliance with Housing Quality
       Standards on January 1st and all units on the above property are in substantial compliance with local
       building codes; and
      All of the information on this form is accurate and is not an attempt to intentionally misrepresent the
       facts in order to qualify for a monetary benefit.


Owner’s Signature:                                                           Date of Application:
Subscribed and sworn before me this _____ day of __________________, 2008, City of _______________________, County
Of ________________________, State of Illinois.

__________________________________________________
                 Notary Public
My Commission Expires on ___________________________, 20____.                             (SEAL)

								
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