Hey there, Cook County homeowners! Did you buy your home on or before January 1, 2023? If so, have you filed for your homeowner exemption yet? If not, let’s fix that because it could save you hundreds—if not thousands—on your property taxes. Seriously, why leave money on the table when you don’t have to?
What’s the Homeowner Exemption?
Let me break it down for you. The homeowner exemption is like a little thank-you gift for living in your own home. It lowers the taxable value of your property, which means a smaller tax bill for you. And here’s the best part: once you’re approved, it automatically renews every year. You just need to file once, and you’re good to go.
Do You Qualify?
If this sounds like you, then yes, you qualify:
You owned and lived in your home as your primary residence on or before January 1, 2023.
You haven’t already applied for the exemption.
That’s it! Simple, right?
How Do You Apply?
It’s super easy. Head over to the Cook County Assessor’s website and fill out the application. You’ll need something to prove you live there—like your driver’s license or a utility bill. The whole process only takes a few minutes, and it’s totally worth it for the savings you’ll see.
For My Mortgage-Free Folks
Here’s a little extra tip for those of you who’ve paid off your mortgage: Did you know you don’t have to pay your entire property tax bill all at once? Cook County lets you make partial payments online or at Chase Bank. It’s a great way to keep your cash flow in check while staying on top of your taxes. You can find all the details on the Cook County Treasurer’s website.
Why This Matters
Let’s face it: property taxes aren’t fun, but saving money on them definitely is. Filing for the homeowner exemption is a no-brainer, and knowing your payment options if you’re mortgage-free gives you even more control over your finances. Whether you’re a first-time homeowner or a seasoned pro, these tips can make a big difference.
Need Some Guidance?
At Luxe Living Realty, I don’t just help you buy or sell homes—I’m here for all your homeownership questions and challenges. If you need a little help with the exemption process or want to chat about property taxes, just reach out. I’ve got your back.
And don’t forget to check out Nina’s Notebook on our website for more tips, tricks, and resources to make homeownership easier and more rewarding. Let’s make 2025 the year you save big and thrive in your home!
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