Standard Homestead Exemption for Veterans with Disabilities (SHEVD)
PLEASE NOTE, THIS IS A RENEWAL APPLICATION NOT A FIRST-TIME APPLICANT.
This exemption provides a reduction in equalized assessed value (outlined below) of a primary residence occupied by a veteran with a disability, or the veteran’s surviving spouse. This exemption can be claimed in addition to the General Homestead Exemption and the Senior Homestead Exemption. However, it cannot be claimed in addition to the Disabled Veterans Exemption (especially adaptive housing) of $100,000, or the Homestead Exemption for Persons with Disabilities.
- A disabled veteran with a 70% or higher service-connected disability will be tax-exempt.
- A disabled veteran with at least 50%, but less than 70% service-connected disability will receive a $5,000 reduction in the property’s EAV.
- A disabled veteran with at least 30%, but less than 50% service-connected disability will receive a $2,500 reduction in the property’s EAV.
- Beginning in 2023 (payable in 2024)The Public Act 102-0895 includes an end to annual reapplications for SHEVD for veterans with a combined service-connected disability rating of 100% and is deemed to be permanently and totally disabled, as certified by the United States Department of Veteran Affairs.
If you are a first time applicant, you must submit your application through the Lake County Assessment Office.
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