Deadline nears for senior tax break
Lake County is reminding property owners that the senior citizens tax deferral allows qualified senior citizens to defer part or all of the property taxes on their personal residence.
Seniors who qualify for this program may defer up to $5,000 in property tax during each year they qualify, and receive a state loan with a 6% simple interest rate, payable upon the sale of the home or the death of the homeowner.
Applications will be accepted through the Lake County Treasurer's Office until Feb. 28. Visit lakecountyil.gov to learn more or apply.
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