Mayor Emanuel recently updated Chicago residents on legislation he helped to pass in Springfield. The legislation expands certain property tax exemptions as follows:

1. All Chicago homeowners will benefit from an expanded Homeowners’ Exemption which increased the exemption by almost 43%, from $7,000 to 10,000. Working class and middle-class homeowners will be the largest beneficiaries of this exemption.

2. The Senior Citizens Homestead Exemption is increasing 60%, from $5,000 to $8,000

3. The income cap for seniors eligible for the Senior Freeze exemption will increase by almost 20%, from $55,000 to $65,000

To receive these exemptions, you must fill out an application with the Cook County Assessor's Office. You can visit the website here or call (312) 443-7550.  More details are also available here. These benefits will show on the property tax bills you receive this summer.

There are a number of additional exemptions that owners may not know they qualify for. These include:

1. The Homestead Exemption
2. Senior Citizen Exemption
3. Senior Citizen Assessment Freeze Exemption
4. Home Improvement Exemption
5. Returning Veterans Exemption
6. Disabled Veterans Homeowners Exemption
7. Disabled Persons Exemption
8. Long-Time Occupant Exemption 

To learn more about these Cook County Property Tax Exemptions, click here.

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