Applications for Property Tax Savings Now Available

Cook County Assessor Fritz Kaegi announced at a press conference today that property tax–saving exemptions applications for the 2024 tax year are now available online. Exemptions are savings that contribute to lowering a homeowner’s property tax bill. The most common is the Homeowner Exemption, which saves a property owner an average of $950 dollars each year.
Here are some key things that homeowners should know when applying for exemptions.
The Homeowner, Senior, and Persons with Disabilities Exemptions are automatically renewed. Postcards will be mailed to households confirming that no action is needed.
Homeowners must reapply for the Veterans with Disabilities and the “Senior Freeze” Exemptions. Seniors and veterans that need to reapply will be mailed application booklets in the coming weeks.
“Every homeowner should take full advantage of the exemptions they are entitled to. When I am in the community talking to residents about their property taxes, the first thing I tell them is to check for missing exemptions,” Assessor Kaegi said.
“If you own and live in your home you are most likely eligible for the Homeowner Exemption, regardless of citizenship status. If you live in your home and don’t claim this and other exemptions, you’re missing out on hundreds of dollars in property tax savings.” “On behalf of our roughly 500,000 members in Cook County, AARP Illinois stands with Cook County Assessor Fritz Kaegi to remind older adults aged 65 and older to apply for the Senior Exemption, and for those income-eligible, the Low-Income Senior Freeze Exemption,”
said Philippe Largent, State Director of AARP Illinois.
“AARP members have told us repeatedly that rising costs have made it more difficult to age in place. For this reason, we are partnering with the Cook County Assessor to provide information and resources about these cost-cutting initiatives and programs, including through virtual and in-person educational workshops in the coming months.”