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.