Disabled Veteran Homestead Exemption
Some veterans with a service-connected disability that is certified by the U.S. Department of Veterans Affairs are eligible to receive the Disabled Veterans Standard Homestead Exemption (Exemption) for their primary residence. This annual exemption reduces the Equalized Assessed Value (EAV) of a disabled veteran’s primary residence, likely lowering the total tax bill. Non-remarried surviving spouses are also eligible.
Illinois recently passed legislation increasing the amount of the Exemption and expanding eligibility for it. Now, veterans with a certified disability of 30-49% can qualify for a $2,500 EAV reduction, and those with a certified disability of 50-69% can qualify for $5,000 EAV reduction. Additionally, veterans with a certified disability of 70% or more now can qualify for a 100% tax exemption.
Veterans can apply for the Exemption by contacting with the Cook County Assessor’s Office. For more information please visit www.cookcountyassessor.com.