Monthly Archives: January 2015

2014 real estate tax exemption forms are here

Forms showed up today on the Cook County Assessor’s website for the following exemptions for the 2014 tax year

1. Homeowner’s exemption: This is only needed if you bought a new house in late 2013 or 2014. You (or the former owner had to live there on 1/1/14 to qualify for this. File it once and you are done. Saves about $300 to $700 on the tax bill.

2. Senior exemption: Requires an annual application for those 65 year of age and older and saves about $400 on the tax bill

3. Senior freeze: Requires an annual application and an income of less than $55,000 and freezes the owner’s assessment level.

Be sure to file your senior and senior freeze applications now.