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You must be 65 years old or older during the year for which you are applying for the exemption.

To be eligible for the Senior Exemption, which will reduce your equalized assessed value by $8,000, you must meet the following eligibility requirements: Once the application has been approved in the Owner’s name, the exemption will renew automatically in subsequent years.

Deed (if not recorded) or contract for a deed.

If you are not listed on the recorded deed, one of the following documents will be needed: If you are listed on the deed recorded at the Cook County Recorder of Deeds, this verifies the ownership and property tax liability. Effective for the 2017 tax year, the Homeowners Exemption increased from $7,000 in EAV to $10,000 in EAV.ĭownload a list of Documents Required to Submit with the Homeowner Exemption Application

This exemption reduces the home’s Equalized Assessed Value (EAV) by $10,000.

Owner must be responsible for payment of the property taxes.The property must have been occupied by its current or previous owner as his or her principle residence on January 1st of the year for which the exemption is granted.Owners of single family homes, condominiums, cooperatives and apartment buildings of six units or less.

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