The Homeowner Exemption is now automatically renewed for property owners who received it in the past. If you are not receiving your Homeowner Exemption, contact our office at 847-358-6164 to fill out the proper application. You must mail the completed form back to the County Assessor or return to our office in order to receive your Homeowner Exemption. The Homeowner Exemption will reduce your EAV by $10,000 if you have resided at your property for the principal place of residence as of January 1 of the year in question. The savings you receive in real dollars will be reflected on your second installment tax bill on the Homeowner Exemption line.