If you bought a home in 2010…
I received an email today from Kathy O’Malley, an excellent real estate attorney who works in Chicago and the North Shore about filing for property tax exemptions. If you purchased a home in Cook County in 2010 be sure to read this.
Applications for the 2010 Homeowner, Senior Citizen and Senior Freeze Exemptions will be available on the Cook County Assessor Website by mid – February. If you do not receive an application in the mail, visit the website www.cookcountyassessor.com and download a form when they become available.
Properties that received the Homeowner Exemption last year (2009) will automatically receive the exemption this year, UNLESS there was a property transfer.
So bottom line… all properties that closed in 2010 MUST file the homeowner’s exemption to have it appear on the 2nd installment 2010 tax bill. Cook County has been automatically “dropping” the Homeowner’s exemption on ALL property that has a Deed recorded EVEN if it was a quit claim deed for estate planning purposes and no transfer of residency.
This is the first time this NOTICE has been on the Assessors website and it is a result of the MASSIVE filings of Certificates of Error and deluge of tax payers flooding the Assessors office after tax bills are issued and the Homeowner’s exemption “magically” disappeared!
Also, seniors must now file for the Senior Citizen Exemption ANNUALLY .
If you are in the market for a new home in Chicago or the North Shore suburbs, please contact me.
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