Kifowit Hosting Free Seminar to Help Homeowners Reduce Property Taxes

AURORA, Ill. – Homeowners interested in learning how to lower their property tax bill are invited to attend a free property tax assessment seminar being hosted by state Rep. Stephanie Kifowit, D-Oswego, on Thursday, May 18 from 6 p.m. to 7 p.m. at the Aurora Public Library-Eola Branch, located at 555 S. Eola Rd. in Aurora.

“Property taxes that get higher and higher every year are a major concern for homeowners in my district, and I am always looking for ways to help residents save money,” Kifowit said. “I encourage homeowners who want to learn what steps they can take to potentially lower their bill to attend this free seminar.”

Kifowit’s property tax seminar will include presentation from Naperville Township Assessor Warren Dixon III. Homeowners from DuPage, Kane, Kendall and Will counties can learn about the basics of property assessments, how to appeal the assessment, and what exemptions are available. Homeowners are encouraged to bring their most recent property tax bills and any related documentation to receive one-on-one help.

In addition to hosting a seminar to help homeowners reduce their property taxes, Kifowit also recently voted to cut property taxes for all homeowners by passing a comprehensive package of property tax relief measures. Kifowit’s House Bill 156 provides homeowners with relief above and beyond the freeze discussed by the governor by increasing the value of key property tax exemptions that help homeowners reduce the taxable value of their homes and cut their taxes. Beginning in 2018:
• All homeowners would be eligible for an annual $8,000 exemption on their primary residence;
• Seniors on fixed incomes would see lower property tax bills, as an exemption for homeowners over the age of 65 would increase from $5,000 to $6,000 annually;
• More veterans would be able to receive property tax relief, as returning service members certified 20-30 percent disabled who are currently ineligible for property tax relief would be provided a $2,500 annual exemption. All veterans over the age of 75 would be able to receive a $2,500 exemption as well.

“Disabled veterans and seniors would see the greatest savings from the property tax relief measure I recently helped pass and all homeowners would see their property tax bills go down,” Kifowit said. “Allowing families to keep more of their hard-earned money will help boost our economy and lift up the middle class.”