Tag Archives: homeowners exemption

Cook County 2025 Property Tax Exemptions Now Open: What Homeowners Need to Know

Homeowners in Cook County can now file for their 2025 property tax exemptions, which help reduce the amount owed on upcoming tax bills. These exemptions are one of the most effective ways for homeowners to lower their annual property tax burden.

Several exemptions are available depending on eligibility, but the most common is the Homeowner Exemption. To qualify, you must own the property (or have a lease/contract making you responsible for the taxes) and occupy it as your primary residence on January 1, 2025. According to the Cook County Assessor’s Office, the Homeowner Exemption saves the average homeowner about $950 per year.
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Property Tax Exemption Deadline Approaching for Some Cook County Homeowners

Eligible Cook County homeowners who did not receive the Homeowner Exemption in 2019 need to file an application for exemption with the Cook County Assessor’s Office by April 9, 2021.

The Homeowner Exemption reduces the Equalized Assessed Value (EAV) of a primary residence by $10,000. Your property tax bill is calculated by multiplying the tax rate in your local district by the EAV. The Homeowner Exemption is available to anyone who owns or leases their principal place of residence in Cook County and is responsible for the property taxes.

The exemption renews automatically so it is not necessary to reapply if you are still living in the same home where you received the exemption last year.
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Property Tax Exemption Deadline Approaching for Some Cook County Homeowners

Exemption Deadlines for Some Cook County Homeowners ApproachingEligible Cook County homeowners who did not receive the Homeowner Exemption in 2018 need to file an application for exemption with the Cook County Assessor’s Office by March 6.

The Homeowner Exemption reduces the Equalized Assessed Value (EAV) of a primary residence by $10,000. Your property tax bill is calculated by multiplying the tax rate in your local district by the EAV. The Homeowner Exemption is available to anyone who owns or leases their principal place of residence in Cook County and is responsible for the property taxes.

The exemption renews automatically so it is not necessary to reapply if you are still living in the same home where you received the exemption last year.
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Bigger Property Tax Exemptions Do Not Always Bring Savings

Cook County Property Tax Exemption ChangesWhile some Cook County residents could see savings as the result of recently expanded property tax exemptions for homeowners and seniors, anything that comes out of the tax base on one side of the equation, generally has to be added back in on the other.

Bigger is not always better…
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