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.

Property tax exemptions are provided for owners with the following situations: Homeowner Exemption. Senior Citizen Exemption. Senior Freeze Exemption. Longtime Homeowner Exemption. Home Improvement Exemption. Returning Veterans' Exemption. Disabled Veterans' Exemption. Disabled Persons' Exemption.

General Homestead Exemption: is given to owner-occupied residential property, the exemption has a maximum reduction of $6,000 in assessed valuation. Make sure this exemption appears on your tax bill if this is your permanent residence.

Senior Citizens Homestead Exemption The maximum amount of the reduction in equalized assessed value is $8,000 in Cook County and counties contiguous to Cook County or $5,000 in all other counties.

Homestead Improvement Exemption In Cook County, an application must be filed with the County Assessor along with a valuation complaint. For information and to apply, contact the Cook County Assessor's Office; all other counties contact the Chief County Assessment Office.

Do I have to reapply for the Senior Exemption this year? No. Senior exemptions renew automatically, meaning you only have to apply once.

The Homeowner Exemption reduces the Equalized Assessed Value (EAV) of a property by $10,000. EAV is the partial value of a property used to calculate tax bills.

There are multiple ways to file a Homestead Exemption application Form 50-114, however the online option is the fastest, and details are provided in the transcript below.

To qualify for the general residence homestead exemption, a home must meet the definition of a residence homestead and an individual must have an ownership interest in the property and use the property as the individual's principal residence.

The Homeowner Exemption reduces the Equalized Assessed Value (EAV) of a property by $10,000.

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How can a homeowner see which exemptions were applied to their home? Check the Property Details, then review the Exemption History and Status section.The Cook County Assessor's Office automatically renews Homeowner Exemptions for properties that were not sold to new owners in the last year. Due to a recent change in our Property Code, Texas homeowners may now be required to reapply for their homestead tax exemption every 5 years. A new report from Cook County leaders comes with a warning about expanding property tax breaks for homeowners. How much will the exemption save homeowners? How your property taxes compare. See how your property tax rates compare to the top 50 metropolitan areas in the United States. Reply reply. forking_bench. •. 13 votes, 16 comments.

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