Senior homeowners are eligible for this exemption if they are over 65 years of age and have a total household annual income of $65,000 or less in the 2020 calendar year. A Senior Freeze Exemption provides property tax savings by freezing the equalized assessed value (EAV) of an eligible property. This does not automatically freeze the amount of their tax bill, only the EAV remains at the fixed amount. Tax rates may change and thus alter a tax bill. This exemption usually requires annual renewal but will be auto-renewed this year due to the COVID-19 pandemic.
Automatic Renewal: Yes, this exemption will automatically renew for the 2021 tax year due to COVID-19.
How can a homeowner see which exemptions were applied to their home last year?
Check the Cook County Portal website, then review the Exemption History and Status section.
📌 Reminder: Exemptions appear on your second installment tax bill issued in the summer. To learn more about how the property tax system works, click here.