Senior Citizen Assessment Freeze Exemption
Retirees and other older homeowners on fixed incomes may reduce their tax bill by taking advantage of the Senior Citizen Assessment Freeze Exemption.
Exemptions reduce the Equalized Assessed Value (EAV) of your home, which is multiplied by the tax rate to determine your tax bill. The senior freeze exemption works this way:
Eligible senior citizens automatically receive a reduction of at least $2,000 in the EAV of their homes.Over time, this program may result in taxes changing minimally or sometimes decreasing as surrounding properties continue to rise in assessed value.To apply for the senior freeze exemption, the applicant must:
Be a senior citizen with an annual household income of $65,000 or less.Have owned and occupied the home on January 1, 2016 and January 1, 2017 and have been responsible for the 2016 and 2017 taxes to be eligible for Tax Year 2017 (payable in 2018).To apply:
118 North Clark Street, Room 320Chicago, IL 60602312.443.7550
Once you have received Senior Citizen Assessment Freeze Exemption, you must re-apply every year.
Seniors can save even more by combining the Senior Citizen and Homeowner exemptions.
Exemptions are reflected on the Second Installment tax bill. To check the exemptions you are receiving, go to Your Property Tax Overview.
If you have further questions on how to go about trying to apply please reach out to the 21st Ward Office (312) 881-9300, 9100 S. Ashland.