This annual exemption reduces the Equalized Assessed Value (EAV) of a disabled veteran's home, likely lowering the total tax bill. Eligible Veterans must submit the initial exemption application form to the assessor.There is a deadline for filing. A veteran is eligible to receive the exemption for another tax year in which the veteran returns from active duty. A list of documents sufficient to prove disability is on the application. The property cannot receive this exemption in the same year it is receiving the:. Join us for a workshop to learn about the Cook County Assessor's Office and homeowner exemptions. The Veterans Exemption helps veterans and their family members reduce their property taxes. To be eligible, the property must be your primary residence. If you believe your property qualifies for exemption, you should apply to the Board of Review (BOR) with proof that the property should be exempt.