Senior Citizen and Senior Freeze Exemption

If you are 65 or older, you may apply for the Senior Citizen Homestead Exemption and reduce your EAV by $5,000 once approved. If you qualify for the Senior Citizen Exemption and have a total household income of $55,000 or less in the year prior to the property tax year in question, you may qualify for the Senior Freeze Exemption.  The Senior Citizens Assessment Freeze Exemption allows qualified Senior Citizens to apply for a freeze of the equalized assessed value (EAV) of their property.  This freezes the Equalized Assessed Value at the level prior to the taxable year for which the applicant first applies and qualifies or the current year whichever is lower.  For example, a senior citizen who applies and qualifies for this exemption in the taxable year 2013 will have the EAV of the property frozen at the 2013 EAV or 2012 EAV whichever is lower. Those receiving this exemption should be aware that this does not automatically freeze the amount of their tax bill.  Only the EAV remains at the fixed amount.  The amount of dollars that the taxing district asks for (levy) and the tax rate will continue to effect calculation of the bill.  Downloadable forms from Cook County Assessor

The Senior Citizen’s Exemption is now automatic. If you’ve received the Senior Citizen’s Exemption before, it will automatically renew going forward.

The Senior Freeze must be renewed annually.

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