Wednesday, January 2, 2013

Long-Time Occupant Homeowner Exemption for Cook County

Homeowners residing in their homes 10 years or more will receive additional tax relief if:

  • A total household income of $75,000 or below will have an increase limited to 7% over the prior year's taxable value.
  • A total household income greater than $75,000, but not exceeding $100,000 will have an increase limited to 10% over the prior year's taxable value.
The Long-Time Occupant Exemption cannot be received with the 7% Expanded Homeowner Exemption or the Senior Freeze Exemption. 

If you would like additional information regarding this exemption, go to www.cookcountyaseessor.com.

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