| If you. . . |
You May Be Able to. . . |
Ask About. . . |
| Owned and resided in your home as of January 1, 2007... |
...Reduce the equalized assessment value of your home by up to $26,000. |
Expanded Homeowner Exemption |
Owned and resided in your home as of January 1, 1997 through January 1, 2007,
and
Your total household income was
$75,000 or less in 2006...
$100,000 or less in 2006...
|
...Keep the taxable value of your home from increasing more than
|
Long Time Occupant Exemption |
Owned and resided in your home as of January 1 of the
reassessme nt year,
and
You are a veteran returning from act ive duty in an armed conflict involving the United States... |
...Receive a one time $5,000 reduction in the equalized assess ed value of your home, for the taxable year that you return from active duty. |
Returning Veterans Exemption |
Owned and resided in your home as of January 1 of the
reassessme nt year,
and
You have at least 50% service connec ted disability... |
...Reduce the equalized assessed value of your home by up to $5,000. |
Disabled Veterans Exemption |
Owned and resided in your home as of January 1 of the reassessment year,
and
You have a physical or mental impair ment which will last at least 12 continuous months... |
...Reduce the equalized assessed value of your home by $2,000. |
Disabled Persons Exemption |
Are a senior or person with disabilities
and
You meet income eligibility levels ... |
...Get a grant to help pay your property taxes. Both homeowner s and renters may be eligible. |
State of Illinois Circuit Breaker Program |
| Owned and resides in your home as of January 1, 2005... |
...Get a 3% simple interest loan from the City to cover the po rtion of your bill that exceeds the city average assessment increase,
if
you meet eligibility requirements,
and
you agree to repay the loan when you sell, refinance, or transfer your home. |
Chicago Homeowner Assistance Program |
