Some projects and tasks are not available year-round and may be available only at specific parks. The Adopt A Park program, started in December 2010, has been steadily growing with seven of 28 parks adopted to date. Each week, more community organizations and individuals call for details on the program.
Under the Illinois exemption system, homeowners may exempt up to $15,000 of their home or other property covered by the homestead exemption. The Illinois homestead exemption requires that you be a legal owner of record to claim the exemption, meaning your name is listed on the deed to the property.
What It Does. The homestead exemption allows you to save on property taxes by allowing you to exclude a portion of your home's value from assessment. The amount of tax you owe is calculated based on the difference between your home's value and the exemption amount.For example, if your home is valued at $250,000 and your state allows a homestead exemption of $25,000, you would only pay taxes on the remaining $225,000.he amount of the exemption varies depending on what type of homeowner you are. For example, the standard exemption for a Georgia homeowner is $2,000 while a disabled veteran may qualify for an exemption of up to $60,000. The process for claiming the homestead exemption varies from state to state.