This form is a sample letter in Word format covering the subject matter of the title of the form.
Discount For Property Tax In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-0028LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
To apply, contact the Cook County Treasurer's Office at 312.443. 5100. Administered through the Illinois Department of Veteran's Affairs.
Cook County homeowners may reduce their tax bills by hundreds or even thousands of dollars a year by taking advantage of the Homeowner Exemption. Exemptions reduce the Equalized Assessed Value (EAV) of your home, which is multiplied by the tax rate to determine your tax bill.
The Senior Homestead Exemption provides for a maximum of an $8,000 reduction from the equalized assessed valuation. For a senior whose property is subject to an average tax rate of $7.2970 per one hundred dollars of assessed value, this results in a tax savings of $584 ($8,000 x 7.2970%.).
To receive the Senior Citizen Homestead Exemption, the applicant must have owned and occupied the property as of January 1 and must have been 65 years of age or older during the tax year in question.
The Senior Citizen Homestead Exemption reduces the EAV of your home by $8,000. To receive the Senior Citizen Homestead Exemption, the applicant must have owned and occupied the property as of January 1 and must have been 65 years of age or older during the tax year in question.
Ask for Your Property Tax Card. Don't Build. Limit Curb Appeal. Research Neighboring Homes. Allow the Assessor Access to Your Home. Walk the Home With the Assessor. Look for Exemptions. Appeal Your Tax Bill.
To apply for a prorated Senior Exemption you must submit the following: Senior Exemption application form. Closing or settlement statement. Copy of proof of age and residency.
Cook County homeowners may reduce their tax bills by hundreds or even thousands of dollars a year by taking advantage of the Homeowner Exemption. Exemptions reduce the Equalized Assessed Value (EAV) of your home, which is multiplied by the tax rate to determine your tax bill.
Cook County retirees and other older homeowners may reduce their tax bills by hundreds or even thousands of dollars a year by taking advantage of the Senior Citizen Homestead Exemption. Exemptions reduce the Equalized Assessed Value (EAV) of your home, which is multiplied by the tax rate to determine your tax bill.
More info
This exemption provides property tax savings with an annual reduction in the equalized assessed value of a property. Most homeowners are eligible for this exemption if they own and occupy their property as their principal place of residence.The BOR accepts exemption applications for approximately 30 days, four times each year. Join us for a workshop to learn about the Cook County Assessor's Office and homeowner exemptions. If you qualify for an exemption, it allows you to lower your EAV. This would result in a lower property tax bill for you. The Treasurer sends out tax bills and collects and distributes funds for all Lake County taxing districts.
