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.
If a home is worth more than the amount of the homestead exemption, creditors may be able to force the debtors to sell. But they won't get all of the money from the sale. In this case, the debtors receive the monetary amount of the exemption. Homestead exemption also provides some relief from property tax.A certain amount or percentage of the homestead is considered exempt from taxes. Homeowners who meet certain conditions, such as being more than 65-years-old, a veteran or disabled, may claim additional exemptions.omestead exemption also provides some relief from property tax. A certain amount or percentage of the homestead is considered exempt from taxes. Homeowners who meet certain conditions, such as being more than 65-years-old, a veteran or disabled, may claim additional exemptions.