A- A A+

Township Mailing List Sign up to receive our E-news

  Home   News   Events   FAQ  

New Law on Erroneous Tax Exemptions

A new state law requires Cook County homeowners to repay unwarranted savings on property taxes. Property owners who received homeowner, senior or senior freeze exemptions to which they were not entitled have until December 31, 2013 to repay the tax savings without interest or penalty. After January 1, 2014 property owners will incur interest and penalties when repaying unwarranted exemptions. 
 
Tax exemptions are only available on a homeowner’s principal residence. However, a significant number of rental properties, investment properties, and second homes have been receiving exemptions to which they are not entitled. Until now, little could be done about it. This new state law provides a procedure that will require those who have received exemptions erroneously to repay them.    
 
Under the law, most property owners can be made to repay the savings from erroneous tax exemptions going back three years. Property owners with a significant number of such exemptions can be liable for repayment for as many as six years. The Cook County Assessor’s new Erroneous Exemptions Department has begun identifying offenders and will be administering the notification and collection process. Monies collected will be distributed to the local taxing bodies affected.
 

For more information regarding how to take advantage of the amnesty program running through December 31, 2013, please visit cookcountyassessor.com. 



Township Calendar

Committee of the Whole Meeting
Event's details

January 23, 2018


07:30 PM - 10:00 PM
Location: New Trier Township Office, Winnetka, IL-60093

The meeting will be held in the Board Room of the Township Office.

 
January 23, 2018
Township Board Meeting
Event's details

February 13, 2018


07:30 PM - 10:00 PM
Location: New Trier Township Office, Winnetka, IL-60093

The November Township Board meeting has been changed from November 15 to November 29. The meeting will be held in the Board Room of the Township Office.

 
February 13, 2018
Office Closed - President's Day Observed
Event's details

February 19, 2018


All Day Event
Location: New Trier Township, Winnetka, IL-60093

The Township will re-open on Tuesday, February 20th, 2018.

 
February 19, 2018
Committee of the Whole Meeting
Event's details

February 27, 2018


07:30 PM - 10:00 PM
Location: New Trier Township Office, Winnetka, IL-60093

The meeting will be held in the Board Room of the Township Office.

 
February 27, 2018
Township Board of Trustees Meeting
Event's details

March 13, 2018


07:30 PM - 09:00 PM
Location: New Trier Township Office, Winnetka, IL-60093

The meeting will be held in the Board Room of the Township Office.

 
March 13, 2018
 

Newsroom Links



Newsletter-Courier

Featured News

Sign-Up for E-News

 

Connect With Us


facebook logo

youtubelogo2

 

 



 



 
 
739 Elm Street, Winnetka, Illinois 60093 P. 847-446-8202 F. 847-446-1743
© 2018 New Trier Township. All Rights Reserved.
Web site design and web site development by Americaneagle.com