This Homestead Exemption for Veterans with Disabilities is for veterans with a service-connected disability as certified by the U.S. Department of Veterans Affairs. The exemption reduces by certain amounts the Equalized Assessed Value (EAV) on the primary residence of a veteran with a disability, very likely lowering the tax bill. The amounts of those EAV deductions depend on the level of disability. Veterans 70% or more disabled receive an EAV reduction of $250,000, and because of this can be totally exempt from property taxes on their home. This exemption usually requires annual renewal but will be auto-renewed this year due to the COVID-19 pandemic.
Automatic Renewal: Yes, for tax year 2020 only, this exemption will automatically renew.
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.