Property Taxes: Exemptions and Assessed Value.

Paying property taxes is a routine part of homeownership, but make sure you have all eligible exemptions that could ease your financial burden.

There are a few exemptions with homeowner one being most common. If your home is your primary residence, ensure you check for this exemption as it can make a significant dent in your property taxes. Forgot to apply? A certificate of error can help you get a refund for some of overlooked years. For those 65 and older, explore senior exemptions and income-related senior freezes for tailored financial relief. But it doesn't stop there – exemptions extend to veterans, people with disabilities, long-time homeowners or those making home improvements.

To find out more about exemptions, check the links below for your specific county.

Cook County

https://www.cookcountyassessor.com/exemptions

DuPage County

https://www.dupagecounty.gov/government/departments/supervisor_of_assessments/exemptions/

Lake County

https://www.lakecountyil.gov/575/Property-Tax-Exemptions

McHenry County

https://www.mchenrycountyil.gov/departments/treasurer/reducing-your-tax-bill

Lastly, keep an eye on your property's assessed value. If you believe it's overestimated, you can consider appeal. Don't hesitate to explore this option if you feel your property value is not accurately reflected.