The Cook County Assessor office has mailed out the Senior Exemption applications last week to more than 270,000 senior citizens in Illinois. Due to legislation last year seniors must reapply each year in order to receive their Senior Citizen Exemption and Senior Freeze Exemption for last year second payment property taxes.
The Senior Citizen Exemption provides tax relief by reducing the equalized assessed valuation of an eligible residence. This savings is in the form of a deduction on the second-installment property tax bill. Seniors receiving the Senior Citizen Exemption automatically qualify for the Homeowner Exemption and do not have to apply for it separately.
Eligible seniors who have never applied for the senior exemptions in the past and/or seniors who do not receive an applications in the mail but believe they are entitled to the exemption, may download a form by visiting www.cookcountyassessor.com . They can also call (312) 443-7550 to obtain an application form.
The Senior Freeze Exemption freezes the equalized assessed value of a property. All Senior Freeze Exemption applications must be notarized. Seniors receiving the Senior Freeze Exemption automatically receive both the Homeowner and Senior Citizen Exemptions.
Seniors and the caretakers of seniors must be aware that the deadline date for applying for any of the Senior Exemptions is March 28, 2012.
“Given the current economic climate, homeowners need all the help they can get,” Assessor Berrios said. “That is why we will continue to do everything possible to ensure that Cook County homeowners receive all the exemptions to which they are rightfully entitled.”