Going to the Hearing .......................................................................................... 30. D. If You Disagree with the Courtâs Order ..............................................................
Properties cannot receive both the LOHE and the General Homestead Exemption or Senior Citizens Assessment Freeze Homestead Exemption. Properties that qualify for the Senior Citizens Assessment Freeze Homestead Exemption will receive the same amount calculated for the General Homestead Exemption. For information and to apply for this homestead exemption, contact the Cook County Assessor's Office.
Homestead exemptions remove part of your home's value from taxation, so they lower your taxes. For example, i.e. your home is appraised at $100,000, and you qualify for a $15,000 exemption (this is the amount mandated for school districts), you will pay school taxes on the home as if it was worth only $85,000. You must file by April 30, 2012.