Taking advantage of Taxpayer Exemptions
For property tax purposes, an exemption is a reduction in the assessed value of a property. Assessed value is the taxable portion of the market value of a property as estimated by the County Assessor.
Taxpayer exemptions are available to residential property owners that occupy their property as a primary residence. They are also available to those who lease or have a contract making them liable for the real estate taxes of a given parcel of property.
The application of any one of the available exemptions lowers the total property tax bill. All exemptions are calculated into second installment tax bills.
Missed exemptions can be recovered for up to three years.
For more information on Taxpayer Exemptions and eligibility requirements, contact our office or visit the Cook County Assessor's Office website.
The following exemptions are currently available to qualified residential property owners:
  • Homeowner Exemption - provides property tax relief by reducing the equalized assessed value of an eligible property. Renewal is automatic after initial application.
  • Home Improvement Exemption - allows a property owner to increase the value of a home with up to $75,000 worth of improvements without increasing the property taxes all at one time. This exemption spreads the improvement value over a four year span. No application is necessary if a building permit was filed with the local municipality.
  • Long-Time Occupant Exemption - provides property tax relief if a residence was occupied for 10 years or more. Total household income must be less than $100,000; and assessed value must have increased by 7% or more for a given tax year. The Cook County Assessor's Office sends out Long Time Occupant Exemption applications if they determine a property is eligible.
The following exemptions are currently available to qualified residential property owners that are age 65 or older:
  • Senior Citizen Exemption - provides property tax relief by reducing the equalized assessed value of an eligible property. Renewal application must be filed annually. 
  • Senior Freeze Exemption - allows senior citizens to apply for a freeze of their equalized assessed value for the year preceding the year they first applied. This exemption does not freeze the tax bill! Total household income must be less than $55,000. Renewal application must be filed annually.
The following exemptions are currently available to qualified residential property owners who are Veterans:
  • Returning Veterans Homeowner Exemption - Veterans returning from active duty in armed conflict are eligible to receive a reduction in equalized assessed value of their property for the year they return. Renewal application must be filed annually.
  • Disabled Veterans Homeowner Exemption - Veterans with a service related disability as certified by the US Department of Veterans Affairs are eligible for this exemption. Renewal appliaction must be filed annually.
The following exemption is currently available to qualified residential property owners with a disability:
  • Disabled Persons Homeowner Exemption - provides property tax relief by reducing the equalized assessed value of an eligible property. Renewal application must be filed annually.