Taxpayers whose single-family home, townhouse, condominium, co-op or apartment building (up to six units) is their primary residence can save $250 to $2,000 per year, depending on local tax rates and assessment increases. First-time applicants must have been the occupants of the property as of January 1 of the tax year in question.
The Cook County Assessor’s Office now automatically renews Homeowner Exemptions for properties that were not sold to new owners in the last year.
In neighborhoods where assessments have increased sharply, this exemption also helps buffer the reassessment and can be worth as much as $2,000 ($7,000 in Equalized Assessed Value multiplied by the local tax rate).
This program is administered by the Cook County Assessor's Office. New owners should apply to:
Cook County Assessor's Office
118 North Clark Street, Room 320
Chicago, IL 60602
You may find applications and additional information at: www.cookcountyassessor.com