Homestead Improvement Exemption In Cook County, an application must be filed with the County Assessor along with a valuation complaint. For information and to apply, contact the Cook County Assessor's Office; all other counties contact the Chief County Assessment Office.
The exemption is not entered anywhere on your federal income tax return. Homestead exemptions are usually filed at your county courthouse, at the tax assessor's office.
Senior Citizen Homestead Exemption – Homeowners age 65 or older and living in their own home could be entitled to an additional homestead exemption. The homeowner should sign up for this exemption during the year in which he or she will turn 65. You will receive a renewal every year around January 1st.
The Homeowner Exemption reduces the Equalized Assessed Value (EAV) of a property by $10,000.