|
|
News from the Assessor's Office
March 2, 2022
|
|
|
|
|
Online Applications for Property Tax Savings are Now Available: Everything Homeowners Need to Know
Property-tax-saving exemptions for the 2021 tax year are now available online in a new, streamlined application. Exemptions are savings that contribute to lowering a homeowner’s property tax bill. The most common is the Homeowner Exemption, which saves a Cook County property owner an average of $973 dollars each year.
Before existing and new homeowners apply, there are a few things to know that will save them time and effort.
First, existing homeowners should determine which exemptions they received last year (tax year 2020) and determine if they will automatically renew this year (tax year 2021). The Assessor’s Office will continue the automatic renewal of the Homeowner, Senior, Senior Freeze, Veterans with Disabilities, and Persons with Disabilities Exemptions. Homeowners can check their exemptions by visiting the Cook County Portal and reviewing the Exemption History section.
Additionally, postcards and letters will be mailed to households confirming the automatic renewal of exemption(s) and notifying them that no action is needed.
 |
|
Next, new homeowners, first-time applicants, or those that need to reapply can now do so online using a new form that consolidates the five most common exemptions into a single application. This allows homeowners to simply check mark the exemptions they want to apply for, only having to submit required documents once.
Homeowners are strongly encouraged to apply online. Not only will they save trees, but they will also have a digital record that allows Assessor staff to provide a status update.
Lastly, as a reminder, exemptions are reflected on the second installment tax bill.
|
|
Property tax exemption workshops
Join us for upcoming virtual workshops to learn about the Assessor's Office and property tax exemptions that are now available to apply online. During these workshops homeowners will learn the basics about the property tax system, learn how to find out if your exemptions automatically renew, and participate in a live Q&A.
|
Property Tax Exemption Workshop with NWHEAP
|
|
Property Tax Exemption Workshop
|
|
|
Under Fritz Kaegi, Cook County’s property tax system is undeniably more fair
Kaegi took steps on behalf of struggling homeowners and small businesses who had previously suffered under well-documented unfairness, inequities, and inaccuracy...
|
Kaegi praises legislative adoption of affordable housing tax relief law
“The implementation of this law by my office will clear the way for property tax relief for developers who create and maintain this valuable housing category, and will expand the availability of rental units for low-income households," said Assessor Kaegi. Join the next Low-Affordability Communities Webinar on Tuesday, March 8, 2022 at 11:00 a.m. by registering here.
|
|
Racial Equity and Real Estate Conversations with Shermann "Dilla" Thomas
 Join us for an important conversation that will center around historical connections to the work of property tax reform and the challenges and opportunities to getting it right in Chicago and Cook County. Themes include: historical contributors to the racial wealth gap with ties to the property tax burden and role of the assessor's office. Other topics include, the racial gap in homeownership and appraisal disparities, and Cook County legacy of segregation and what it means for generation wealth. The discussion will include ideas for solutions forward and of course, illuminating stories and anecdotes that Sherman "Dilla" Thomas is famous for.
Panelists:
- Cook County Assessor, Fritz Kaegi
- Urban Historian, Shermann "Dilla" Thomas
- Director of Outreach, Cook County Assessor's Office, Kelwin Harris (moderator)
|
Cook County Assessor's Office
118 North Clark Street, Third Floor, Room #320, Chicago, IL 60602
www.cookcountyassessor.com
Facebook | Twitter | Instagram | YouTube | LinkedIn
|
