Property Taxes

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As stated in the Rules and Regulations, property (real estate taxes) and related questions are the responsibility of the Unit Owner.

 

Senior Citizen Property Tax Exemption

The Senior Citizen Property Tax Exemption provides tax relief by reducing the equalized assessed valuation of an eligible residence. This savings is in the form of a deduction on the second-installment real estate tax bill. Senior Citizens receiving the Senior Citizen Exemption automatically qualify for the Homeowner Exemption and do not have to apply for it separately.

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A new Illinois law requires that seniors re-apply for the Cook County Property Tax Senior Citizen Exemption. The Assessor’s office mailed out nearly 300,000 applications containing both the Senior Citizen and Senior Freeze Exemptions to taxpayers who received a senior exemption last year. In other words seniors must reapply for the Senior Citizen Exemption this year in order to receive the exemption savings on their tax bills. Seniors who do not receive applications in the mail but believe they are entitled to the exemption may download a form by visiting www.cookcountyassessor.com.  They can also call (312) 443-7550.    When going to the Assessor’s website, on the Home Page, click on  Download  Senior Citizen Exemption Application. The application and instructions will come up.

 

To qualify for the Senior Citizen Exemption for a given taxable year, the property owner must have:

1. Be over the age of 65,

2. Owned the property, or have a lease or contract which makes them responsible for the real estate taxes, and

3. Used the property as a principal place of residence.

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Please note that as Federal, Illinois and Cook County laws and statues may change at any given time, the above information may change at any time.  Willow Wood Villas is not responsible for any such changes to laws or the above information, and is not responsible for any outcomes or determinations related to the above.

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