Assessor’s Office Approves Record Number of Tax-Saving Exemptions for Seniors and Veterans with Disabilities

Lawndale News Chicago's Bilingual Newspaper - Business

The Cook County Assessor’s Office approved a record number of exemptions for seniors and veterans with disabilities in Tax Year 2024, helping tens of thousands of homeowners receive much-needed property tax savings.  Exemptions are property tax savings that most homeowners in Cook County are entitled to receive. The Assessor’s Office is responsible for administering these exemptions.  In Tax Year 2024, the Assessor’s Office approved more than 1,500,000 exemptions for homeowners. Savings from these exemptions will appear on tax bills that are mailed out later this year. Of these, 367,000 were Senior exemptions, available to homeowners 65 years of age or older whose home is their principal place of residence. Nearly 12,000 were Veterans with Disabilities exemptions, including over 10,000 for veterans that have a disability rating of 70 percent or greater.  Both exemptions have seen the number of recipients increase since the Assessor’s Office successfully advocated for legislation to have them automatically renew each year. The Veterans with Disabilities exemption auto-renews for veterans who are rated 100 percent disabled and classified. If a homeowner believes they are eligible for an exemption they have not received, they can apply for their missing property tax savings by completing a Certificate of Error application at www.cookcountyassessor.com.

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