The Illinois Cook County assessor's Office 2017 Class S affidavit is a document that is used by property owners in Cook County, Illinois to appeal their assessed value of their property for the 2017 tax year. This affidavit is used to provide evidence that the property was over-assessed, so the owner can receive a lower tax bill. There are three types of Illinois Cook County assessor's Office 2017 Class S affidavit: Residential, Commercial/Industrial, and Vacant/Unimproved. The affidavit must include information such as the name of the property owner, the property address, and the assessed value of the property. The affidavit must also include supporting documents such as a copy of the most recent tax bill, a copy of the deed, and other documents that prove the assessed value is too high. Once the affidavit is signed and submitted to the assessor's office, the assessor will review it and make a decision on whether to reduce the assessed value.
Illinois Cook County assessor's Office 2017 Class S affidavit
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How to fill out Illinois Cook County Assessor's Office 2017 Class S Affidavit?
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FAQ
The Senior Exemption reduces the Equalized Assessed Value (EAV) of a property by $8,000.
What is the Homestead Exemption in Illinois? The Illinois homestead exemption protects up to $15,000 of equity in your home. For example, if you own a home with an original mortgage of $100,000, and you now only owe $85,000, the $15,000 in equity will receive protection if you file.
In Cook County, taxpayers can file an appeal with the County Assessor or the County Board of Review. Call these offices and ask for the date for filing an appeal in your township: The County Assessor's Taxpayer Assistance Department (312) 443-7550. The Board of Review (312) 443-5542.
The Longtime Homeowner Exemption enables property owners to receive an expanded Homeowner Exemption with no maximum exemption amount. Of the 1.5 million residential properties in Cook County, fewer than 2% qualified for the Longtime Occupant Homeowner Exemption last year.
Property tax savings from a Homeowner Exemption are calculated by multiplying the Homeowner Exemption amount of EAV reduction ($10,000) by your local tax rate. Property tax savings from a Senior Exemption is calculated by multiplying the Senior Exemption amount of EAV reduction ($8,000) by your local tax rate.
Frequently Asked Questions $100,0002022 Estimated Fair Market Value-10,0002022 Homeowner Exemption$19,1602022 Adjusted Equalized Assessed ValueX.082022 Tax Rate (example; your tax rate could vary)$1,532.80Estimated Tax Bill in dollars4 more rows
Class C. Designed to encourage industrial and commercial development throughout Cook County by offering a tax incentive for the remediation of contaminated properties including abandoned property or vacant land.
Illinois law provides the Certificate of Error procedure to allow the Cook County Assessor to apply changes to a property tax bill that has already been issued. It is a way to make a correction after the assessment for that tax year is finalized.