Property Tax Savings for Veterans from the Assessor’s Office

Lawndale News Chicago's Bilingual Newspaper - Local News

In honor of Veterans Day, the Cook County Assessor’s Office (Assessor’s Office) would like to express gratitude to those who have served our nation. By offering property-tax-saving exemptions for over 10,000 veteran families this year, the Assessor’s Office hopes to honor their sacrifice and service. The Assessor’s Office administers both the Veterans with Disabilities and the Returning Veterans Exemptions, which can reduce the property tax bills of veterans.  

The Veterans with Disabilities Exemption is for veterans with a service-connected disability as certified by the U.S. Department of Veterans Affairs. The exemption reduces the Equalized Assessed Value (EAV) on the primary residence of a veteran with a disability, very likely lowering the tax bill. The amounts of those EAV deductions depend on the percentage of disability. Veterans are required to apply annually.

The Returning Veterans Exemption is for veterans returning from active duty in armed conflict are eligible to receive a $5,000 reduction in the equalized assessed value of their property only for each taxable year in which they return. Veterans are required to apply annually. 

The 2021 tax year exemption filing period is now closed, however veteran homeowners who believe they may have been eligible for exemptions in prior tax years can apply for a Certificate of Error. The Certificate of Error process provides homeowners an opportunity to redeem missing exemptions for the 2021, 2020, 2019, and 2018 tax years. For more information, visit www.cookcountyassessor.com/certificates-error.

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