Save $250-$2,000 a year in taxes.
It’s VERY easy to apply. You must have been the occupant of your property as of January 1st of the tax year in question. You just fill out this form, and mail a copy of your tax bill (look up your most recent bill here) and a copy of your drivers license.
Once approved you will see the exemption on the second installment of that years taxes.
The assessor’s office automatically renews Homeowners Exemptions so you only have to apply once.
How is the exemption amount determined?
In neighborhoods where assessments have increased sharply, this exemption can help buffer the reassessment and be worth as much as $2,000 ($20,000 in Equalized Assessed Value multiplied by the local tax rate). All other neighborhoods the Equalized Assessed Value is now $10,000. Your exemption amount is $10,000 EAV multiplied by your local tax rate (the rate can be found on the second installment of your tax bill)
I’ve lived in my home for years and still haven’t applied. Now what?
You can do this for up to 3 years prior to the current tax year. That can be $750 - $6000!
There are senior citizen, senior freeze, veteran, disabled, home improvement, and long time homeowner exemptions that you can claim if you qualify and go back up to three years plus the current tax year. See all Chicago exemptions here. Plus there are over $86 million in available refunds due to overpayments going back 20 years. Look up your property history here.