Illinois Assessor Reason Codes are used by assessors to explain why they are assessing a property. The codes are divided into three categories: assessment and taxation, property assessment, and exemption and tax relief. Assessment and taxation codes include the reason for the assessment, such as whether it is an original assessment or a reassessment. Property assessment codes are used to explain the basis for the assessment, such as whether it is based on a sale, an appraisal, or other factors. Exemption and tax relief codes are used to explain why a property is eligible for a tax exemption or tax relief. The codes are used by assessors to ensure that assessments are fair, accurate, and uniform across the state. The codes are also used by the public to understand the reasons behind the assessments.
Illinois Assessor Reason Codes
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Senior homeowners are eligible for this exemption if they are over 65 years of age and have a total household annual income of $65,000 or less in the 2021 calendar year. A "Senior Freeze" Exemption provides property tax savings by freezing the equalized assessed value (EAV) of an eligible property.
By law, each property, other than farmland, must be viewed, inspected, and revalued once every four years (every three years in Cook County). Farmland is reassessed each year. Between these general assessments, assessors may revalue property if its value is incorrect.
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.
Property owners can file an appeal when the Board of Review opens their township for appeal each year. Property owners can also pre-register through the online appeals portal . The Board of Review opens townships for appeals after the Assessor has assessed each property in the township.
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.
An assessor will not enter your house or dwelling unless they have specific permission.
Senior Citizens Real Estate Tax Deferral Program allows persons 65 years of age and older, who have a total household income of less than $65,000 and meet certain other qualifications, to defer all or part of the real estate taxes and special assessments on their principal residences.