Residential Property Tax Exemptions

Homeowner Exemption

The Homeowner exemption is available to:

  • Owners of single family homes, condominiums, cooperatives and apartment buildings of six units or less.
  • The property must have been occupied by its current or previous owner as his or her principle residence on January 1st of the year for which the exemption is granted.
  • Owner must be responsible for payment of the property taxes.
  • This exemption reduces the home’s Equalized Assessed Value (EAV) by $10,000. Effective for the 2017 tax year, the Homeowners Exemption increased from $7,000 in EAV to $10,000 in EAV.

Once the application has been approved in the Owner’s name, the exemption will renew automatically in subsequent years.

Senior Citizen Exemption

To be eligible for the Senior Citizen Exemption, which will reduce your equalized assessed value by $8,000, you must meet the following eligibility requirements:

  • You or your spouse must be 65 years old or older during the year for which you are applying for the exemption.
  • You must either own the property or have a lease or contract making you responsible for the property taxes.
  • The property must be your principle residence. If you have moved or plan to move in the future, you may be entitled to a prorated Senior Citizen Exemption, based on the time of occupancy.
  • This exemption reduces the home’s Equalized Assessed Value (EAV) by $8,000. Effective for the 2017 tax year, the Senior Exemption increased from $5,000 in EAV to $8,000 in EAV.
  • Effective 2019, a new law allows for automatic renewal each year following, meaning that a senior need only apply once.

If you need to apply for the first time, applications for the Senior Citizen Exemption are available from our office or the Cook County Assessor’s office.

Senior Citizen Exemption Freeze

This exemption freezes the Equalized Assessed Value (EAV) of your home for the current year, reducing the rate of growth of your property taxes.

Applicants must meet the following requirements to be eligible for this exemption:

  • The property must be your principle place of residence during the entire year of the assessment freeze or have a lease or contract making you responsible for the property taxes.
  • You or your spouse must be 65 years old or older during that year.
  • Your total household income cannot have exceeded $65,000 in the year prior to the year for which you wish the assessment freeze. Effective for 2017 tax year, the eligibility expanded by increasing allowable total household income to $65,000, from the previous limit of $55,000.
  • Effective 2017, there is a new minimum $2,000 EAV deduction for the Senior Freeze, which will help offset increases in assessed value and help ensure that more seniors benefit from the Senior Freeze Exemption.

Applications for the Senior Assessment Freeze are available at our office or at the Cook County Assessor’s office. The application and proof of income must be submitted yearly to continue receiving the exemption.

Returning Veterans’ Homestead Exemption

Veterans returning from active duty in armed conflict are eligible to receive a $5,000 reduction in the Equalized Assessed Value (EAV) of their property only for the taxable year in which they return.

To qualify the veteran must:

  • Be an Illinois resident who has served as a member of the U.S. Armed Forces, Illinois National Guard or U.S. Reserved Forces.
  • Be returning from active duty in an armed conflict involving the armed forces of the US.
  • Have owned or had a legal or equitable interest in the property and used it as a principle place of residence on January 1st of the tax year in question, and
  • Be liable for the payment of property taxes.

Disabled Veterans’ Standard Homestead Exemption

Veterans with a service-connected disability as certified by U.S. Department of Veteran Affairs are eligible for this annual exemption. A disability of at least 30%-49% is eligible for a $2,500 exemption in Equalized Assessed Value (EAV). A disability of at least 50%-69% is eligible for a $5,000 EAV. New for the 2015 property tax year, a disability of 70% or higher will be exempt from property taxation.

To qualify the veteran must:

  • Be an Illinois resident who has served as a member of the U.S, Armed Forces on active duty or on active duty in the state of Illinois, Illinois National Guard, or U.S. Reserve Forces and has been honorably discharged.
  • Have at least a 30% service-connected disability certified by the U.S. Department of Veteran Affairs.
  • Own and occupy the property as the primary residence any time during the property tax year. Note: this change was effective tax year 2018.
  • Have a total EAV of less than $250,000 for the primary residence, excluding the EAV of property used for commercial purposes.

Applications for the Disabled Persons’ Homestead Exemption are available at our office or at the Cook County Assessor’s office.  The application and proof of the of current year Disability Certification Letter from the U.S. Department of Veterans Affairs must be submitted yearly to continue receiving the exemption.

Disabled Persons’ Homestead Exemption

This exemption provides disabled persons with an annual $2,000 reduction in the equalized assessed value (EAV) of the property.

To qualify the applicant must:

  • Be disabled or become disabled during the assessment year.
  • Own or have a legal or equitable interest in the property, or a leasehold interest of a single-family residence.
  • Occupy the property as the principle residence on January 1st of the tax year in question, and
  • Be liable for the payment of property taxes.

This application must be submitted yearly to continue receiving the exemption.

Exemption Applications

The following 2019 applications are taken directly from the Cook County Assessor’s Website and made available on the Maine Township Website for ease and convenience. These are the latest forms that should be used in calendar year 2020.