There are seven different exemptions and here is a breakdown of them.
The collar counties (Kane, DuPage, Lake, McHenry) make tax exemptions simple. Getting and keeping exemptions is easy there. In Cook County, the exemption applications and renewals have become an unnecessary, bureaucratic tangle.
Now, Cook requires an annual application for the senior exemption. The new 2010 form is here. Be sure to apply for this one right away. Previously, this was automatic from year to year, but that was too simple so the assessor mailed out 300,000 applications. What are the chances that half of those will be signed and returned?
The 2010 senior freeze exemption, that freezes the assessment of seniors earning under $55,000.00 per year, is now online too. This one has always required an annual application because it includes last year’s income tax figures.
Don’t let the Cook Co. tax maze stop you from getting the exemptions you deserve.