Contacts for News Media
Deputy Assessor for Communications Communications Specialist
Tom Shaer Maura Kownacki
312-603-7322 312-603-3065
tshaer@cookcountyassessor.com mkownacki@cookcountyassessor.com
10/18/2017

Legislation Crafted by Assessor Berrios Brings Greater Benefits to Seniors and Many Other Homeowners

The percentage of money-saving discounts is most significant on their property tax bills 

 

CHICAGO –Homeowners most in need of property tax relief are getting it as a result of legislation conceived by Cook County Assessor Joseph Berrios.

This was not a recent concept, as Assessor Berrios began his effort more than a year ago. The result was Senate Bill 473 (Public Act 100-0401), which he helped pass through the General Assembly; it became law in August and begins with Tax Year 2017. The additional savings will appear on second-installment tax bills mailed next year and in all succeeding eligible years.

The Exemptions Program, long supported, furthered and championed by Assessor Berrios, helps achieve the common goal of reducing regressivity and increasing progressivity in the property tax system. A recent study by the nonpartisan “Lincoln Institute of Land Policy” concluded clearly that exemptions are major factors in accomplishing this. http://www.lincolninst.edu/publications/other/50-state-property-tax-comparison-study-1

"These expanded exemption savings further shift property taxes away from the lower-market and lower-middle-market and onto the upper-market. We started working on this in 2016 after I listened to homeowners at Assessor's Office outreach seminars and shared my ideas with them. This continues my commitment to communities and homeowners who need some relief." Berrios said.

Berrios emphasized, “Flat-amount deductions may be a ‘drop in the bucket’ for a $600,000 to $1 million-plus home, but they represent a very sizeable percentage off the Equalized Assessed Value (EAV) of lower-market and medium-market homes.”

Berrios consulted with legislators and proposed expanding the exemption savings. The bill, sponsored by Senator Antonio Munoz (D-Chicago) and Representative Robert Martwick (D-Chicago), received bipartisan support and was designed to increase tax-saving exemption amounts for homeowners and seniors and have the greatest positive impact on lower-income homeowners. It also expands eligibility for the Senior Freeze Exemption.

“This new law helps all homeowners, especially senior citizens and others most in need of relief,” Assessor Berrios said. “We sought to have this legislation proposed and we thank everyone who helped make that happen. Specifically, our sincere appreciation goes to Senator Munoz, Representative Martwick and all co-sponsors. It was gratifying to see it pass both chambers of the General Assembly and even more so to now see it is law.”

The Cook County Assessor's Office (CCAO) administers numerous exemptions that are subtracted from a home's EAV, resulting in deductions from the dollar amount of a tax bill. The new law increases exemption savings for the Homeowner and Senior Citizen Exemptions. Its enhancement and expansion of eligibility for the Senior Freeze Exemption does more to continue helping to keep fixed-income seniors from being taxed out of their homes.

The Homeowner Exemption, available to eligible taxpayers/residents of any age on their primary home, increases from $7,000 to $10,000 in EAV. The Senior Exemption, for taxpayers/residents 65 years or older, regardless of income, increases from $5,000 to $8,000 in EAV. It is important to note that the exemption amount is not the dollar amount by which a tax bill is lowered. EAV is the partial value of a property to which tax rates are applied; it is this figure on which a tax bill is calculated. The Assessor does not set tax rates.

In addition, the Senior Freeze Exemption for low-income seniors expands eligibility by increasing allowable total household income to $65,000, from the previous limit of $55,000. There is also a new minimum $2,000 EAV deduction for the Senior Freeze, which will help offset increases in assessed value and help ensure that more seniors benefit from the Senior Freeze Exemption.  

“I will continue advocating for property tax relief for all homeowners especially seniors and lower-income families to ensure no one pays more than their fair share of taxes,” Berrios said.

All exemptions and corresponding savings appear on each year's Second-Installment Tax Bills. For additional information regarding exemptions, please contact CCAO at 312-443-7550 or visit the Assessor’s web site at (www.cookcountyassessor.com)


 

10/18/2017 Legislation Crafted by Assessor Berrios Brings Greater Benefits to Seniors and Many Other Homeowners
09/15/2017 Reassessment Notices Mailed to Bloom Township Taxpayers
09/12/2017 Cook County Implements More Exemption Savings As Legislation Crafted By Assessor Berrios Becomes Law
09/01/2017 Cook County Assessor Joseph Berrios and State Representative Patricia Bellock to Co-Host Property Tax Town Hall Meeting
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08/15/2017 Cook County Assessor Joseph Berrios and Thornton Township Assessor Cassandra Holbert to Co-Host Property Tax Appeal Seminars for Thornton Township Taxpayers
08/15/2017 Reassessment Notices Mailed to Thornton Township Taxpayers
08/11/2017 Cook County Assessor Joseph Berrios and Cook County Commissioner Luis Arroyo Jr. to Co-Host Property Tax Seminars for Homeowners
08/03/2017 Reassessment Notices Mailed to Orland Township Taxpayers
07/24/2017 NATIONAL STUDY FINDS ILLINOIS PROPERTY TAX SYSTEM EASES BURDEN ON LOWER- INCOME TAXPAYERS
07/17/2017 Reassessment Notices Mailed to Proviso Township Taxpayers
07/14/2017 Reassessment Notices Mailed to Calumet Township Taxpayers
06/27/2017 Reassessment Notices Mailed to Worth Township Taxpayers
06/13/2017 Assessor Berrios further expands the Community Assessment and Appeal Outreach Program
06/09/2017 Cook County Assessor Joseph Berrios and to Host Appeal Workshop for Stickney Township Taxpayers
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06/07/2017 Statement from Assessor Joseph Berrios regarding various claims about Cook County Property Assessment
06/01/2017 Illinois General Assembly passes legislation initiated by Assessor Berrios to increase tax savings for homeowners and seniors
05/26/2017 Reassessment Notices Mailed to Lyons Township Taxpayers
05/25/2017 Illinois House Committee passes legislation initiated by Assessor Berrios to increase exemption savings for Cook County homeowners
05/17/2017 Reassessment Notices Mailed to Lemont Township Taxpayers
05/08/2017 Illinois Senate passes legislation initiated by Assessor Berrios to increase exemption savings for Cook County homeowners
05/03/2017 Thomas Jaconetty, Deputy from Cook County Assessor Joseph Berrios' Office, Gives American History Presentation to PLAID Academy Students
04/28/2017 Reassessment Notices Mailed to Berwyn Township Taxpayers
04/20/2017 Cook County Assessor Joseph Berrios' Office Conducts Assessment Seminar for Bremen Township Homeowners
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04/18/2017 Reassessment Notices Mailed to Bremen Township Taxpayers
04/04/2017 Cook County Assessor Joseph Berrios to Host Property Tax Appeal Seminar for Bremen Township Homeowners
04/04/2017 Reassessment Notices Mailed to Palos Township Taxpayers
03/21/2017 Reassessment Notices Mailed to Cicero Township Taxpayers
03/02/2017 Reassessment Notices Mailed to Oak Park Township Taxpayers
02/09/2017 Assessor Berrios Extends Deadline for Senior and Senior Freeze Exemption Applications
02/08/2017 2017 Reassessment Notices Mailed to Riverside Township Taxpayers
02/03/2017 Reassessment Notices Mailed to River Forest Township Taxpayers
01/10/2017 Important news for senior citizen homeowners: application and deadline information for senior exemptions
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12/12/2016 Assessor’s Office certifies 2016 assessment; again completes assessment cycle early
09/28/2016 Cook County Assessor's Office Intern Program is a Win-Win for both Students and the Assessor's Office
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09/07/2016 Reassessment Notices Mailed to Niles Township Taxpayers
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08/01/2016 Reassessment Notices Mailed to Northfield Township Taxpayers
07/12/2016 Reassessment Notices Mailed to Wheeling Township Taxpayers
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06/08/2016 Berrios Implemented Procedure That Protects Taxpayers
05/27/2016 Reassessment Notices Mailed to Maine Township Taxpayers
05/17/2016 Reassessment Notices Mailed to Norwood Park Township Taxpayers
05/05/2016 Reassessment Notices Mailed to Elk Grove Township Taxpayers
04/29/2016 Reassessment Notices Mailed to New Trier Township Taxpayers
04/14/2016 Reassessment Notices Mailed to Palatine Township Taxpayers
03/17/2016 Assessor Berrios Extends Deadline for Evanston Township Appeals
03/17/2016 Reassessment Notices Mailed to Barrington Township Taxpayers
03/08/2016 Assessor Berrios Extends Exemption Application Deadlines for Veterans
03/08/2016 Assessor Berrios Extends Deadline for Disabled Persons Exemption
02/24/2016 Berrios mails Evanston Reassessment Notices
02/09/2016 Assessor’s Office recovers $15.6 million in erroneous exemptions; money to be returned to taxpayers
02/03/2016 Assessor Berrios Extends Deadline for Senior and Senior Freeze Exemption Applications
01/28/2016 Berrios Mails Exemption Applications to Veterans<
01/08/2016 Assessor Berrios Mails Senior and Senior Freeze Exemption Applications
12/16/2015 Assessor Berrios Raising Awareness of Increased Property Tax Relief for Disabled Veterans
11/20/2015 2015 Berrios Mails North Reassessment Notices
10/05/2015 2015 Berrios Mails South Reassessment Notices
08/17/2015 Reassessment Notices Mailed to Jefferson Township Taxpayers
08/13/2015 Possible airport impact on property values
07/31/2015 Bed and Breakfast Notice
07/17/2015 2015 Berrios Mails West Reassessment Notices
07/06/2015 Assessor Berrios Alerts Homeowners to Check Second Installment Tax Bills for Exemptions
06/16/2015 Berrios Mails Hyde Park Township Reassessment Notices
05/12/2015 Berrios Mails Lake Township Reassessment Notices
04/22/2015 NOTICE CONCERNING 'BED AND BREAKFAST' PROPERTIES
04/20/2015 Cook County Assessor Prevails in Ethics Board Lawsuit
04/14/2015 Court Dismisses Challenge to Cook County's Erroneous Exemption Law
04/08/2015 Reassessment Notices Mailed to Lakeview Township Taxpayers
02/20/2015 Assessor Berrios Seeks $14 Million for Erroneous Exemptions Taken by Taxpayers
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12/23/2014 Assessor Berrios Bills Over $2,000,000 for Erroneous Exemptions Claimed by Taxpayers
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11/14/2014 Reassessment Notices Mailed to Palos Township Taxpayers
10/10/2014 Assessor Berrios Alerts Taxpayers about Fraudulent Solicitation Letters
09/08/2014 Reassessment Notices Mailed to Bloom Township Taxpayers
08/26/2014 Reassessment Notices Mailed to Rich Township Taxpayers
08/12/2014 Reassessment Notices Mailed to Thornton Township Taxpayers
07/28/2014 Reassessment Notices Mailed to Orland Township Taxpayers
07/08/2014 Reassessment Notices Mailed to Proviso Township Taxpayers
06/19/2014 Assessor Berrios Develops New Tax Incentive
06/17/2014 Reassessment notices for Calumet are being mailed today and the appeal deadline date will be 7/14/2014
05/20/2014 Reassessment notices for Stickney are being mailed today and the appeal deadline date will be 6/20/2014
05/13/2014 Lemont Township News Release for Distribution
05/07/2014 Reassessment Notices Mailed to Lyons Township Taxpayers
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