- Schaumburg Township Assessor
- Cook County Assessor
- Cook County Board of Review Commissioner
- Cook County Clerk
- Cook County Treasurer (312) 603-5100
- Illinois Property Tax Appeal Board
- Cook County Recorder of Deeds
Residential Property Tax Exemptions
Below is an explanation of the various residential property tax exemptions.
The Homeowner Exemption is available to owners of single family homes, condominiums, cooperatives and apartment buildings of six units or less. The property must have been occupied by its current or previous owner as his or her principle residence on January 1st of the tax year for which the exemption is granted. Homeowner Exemptions are automatically applied only if received the prior year. The exemption will be applied on your 2nd installment of your property tax bill. This exemption reduces the home’s Equalized Assessed Value (EAV) minimum of $10,000.
Senior Citizen Exemption
- You or your spouse are 65 years of age or older during the tax year for which you are applying for the exemption,
- As of January 1st of the tax year, you must either own or have a lease or contract making you responsible for the property tax,
- As of January 1st of the tax year, the property must be your principal residence.
Senior Citizens receiving a Senior Citizen Exemption automatically receive a Homeowners Exemption and do not have to apply separately. Homeowners who received the Senior Citizen Exemption the prior year will need to apply every year for this exemption.
Senior Freeze Exemption
- You or your spouse are 65 years of age or older during the tax year.
- The property must be your principle residence during the tax year (e.g. January 1, 2016 to January 1, 2017) of the assessment freeze,
- Your total household income did not exceed $65,000 the prior year for which you are requesting the assessment freeze.
You must file each year in order to continue to receive the Senior Freeze Exemption. Requirements must be met each year to receive the freeze.
Returning Veterans’ Exemption
An Illinois resident who has served as a member of the U.S. Armed Forces, Illinois National Guard or U.S. Reserved Forces,
Be returning from active duty in an armed conflict involving the armed forces of the U.S.,
Owned or had a legal or equitable interest in the property and used it as a principle place of residence on January 1, 2014, of the assessment year.
Be liable for the payment of property taxes.
Disabled Veterans’ Homeowners Exemption
An Illinois resident who has served as a member of the U.S Armed Forces on active duty or on active duty in the state of Illinois, Illinois National Guard, or U.S. Reserve Forces and has been honorably discharged,
Have at least a 30% service-connected disability certified by the U.S. Department of Veterans Affairs,
Own and occupy the property as the primary residence on January 1, of the assessment year,
Have a total EAV of less than $250,000 for the primary residence, excluding the EAV of property used for commercial purposes or rented for more than six months.
Disabled Persons’ Exemption
Disabled or become disabled during the assessment year
Own or have a legal or equitable interest in the property, or a leasehold interest of a single-family residence
Occupy the property as the principle residence on January 1, 2014
Be liable for the payment of property taxes
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