CHICAGO (WLS) — A new law is expanding property tax relief for senior homeowners.

The tax deferral program increases income eligibility for the 2025 tax year and beyond.

The deadline to apply for the 2025 Senior tax deferral program is March 1, 2026.

According to the Illinois Department of Revenue, starting in tax year 2025:

-The maximum household income for eligibility will increase from $65,000 to $75,000 in 2026, then to $77,000 in 2027, and to $79,000 beginning in 2028 and thereafter.

To qualify for the Senior Tax Deferral Program, homeowners must meet the following criteria:

-be 65 years of age or older by June 1 of the filing year,

-own and occupy the primary residence for a minimum of three years,

-have no outstanding property taxes or special assessments on the property, and

-maintain adequate fire or casualty insurance.

Eligible seniors may defer up to $7,500 per year, including interest and fees, or as much as 80 percent of the equity in their home, whichever is lower.