Most homeowners are eligible for this exemption if they own and occupy their property as their principal place of residence. If you plan to make foods such as certain baked goods, jellies, or snack mixes, you may qualify for a Home Processor Exemption.Taxpayers whose primary residence is a single-family home, townhouse, condominium, co-op or apartment building (up to six units) are eligible. Join us for a workshop to learn about the Cook County Assessor's Office and homeowner exemptions. You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. Amount of the property tax bill" to those that qualify for a homestead exemption. Married individuals that cannot live together due to employment may qualify for two homesteads if certain conditions are met. The General Homestead Exemption exempts a flat amount of EAV because virtually all applicants are eligible for the maximum amount. When qualifying seniors buy property after the deadline, then the senior can apply up to 30 days after the purchase. How to Apply for an Exemption Online.