Applications for Senior Property Tax Exemptions Have Been Mailed

New Trier Township residents sixty-five years of age or older should receive renewal forms for senior citizen property tax exemptions this week. Those who turned 65 in 2014 and are eligible for the first time will not receive a form via mail. Applications are available in the Township office and online at www.cookcountyassessor.com.
 
There are two senior tax exemptions:
 
1) The SENIOR EXEMPTION, is available to all seniors regardless of income. It is available to any owner-occupied residential property if the owner was born in 1949 or earlier. 
 
2) The SENIOR FREEZE EXEMPTION provides additional savings if the combined income of all members of the household is less than $55,000, and if the senior has been an owner-occupant of the property since January 1, 2013.
 
The recently mailed senior applications are for 2014 property taxes, which are paid in calendar year 2015. The savings from the exemptions will appear on the second installment tax bills due in August 2015. 

  



 
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