3 Homestead Exemptions Automatically Renew for 2020

On June 5th, Governor J.B. Pritzker signed into law an Act that allows the Cook County Assessor to automatically renew 3 homestead exemptions for Tax Year 2020. The three exemptions that now automatically renew are the Persons with Disabilities Exemption, the Veterans with Disabilities Exemption, and the Senior Freeze Exemption. Those who received these exemptions for Tax Year 2019 now do not need to apply again in order to receive the exemption in Tax Year 2020.

This Act was one in a series of bills passed by the legislature in Springfield that attempt to ease the pain felt on account of the COVID-19 pandemic. In addition to this exemption bill, the legislature also passed legislation allowing smaller counties in Illinois to delay penalties for late tax payments, a measure that was already passed by the Cook County Board. As the COVID-19 pandemic continues to impact the state of Illinois, expect further measures to be taken related to all aspects of taxes and tax collection.

Whatever changes are made to the process of tax collection in Illinois, Crane & Norcross remains committed to helping taxpayers navigate the complex system as best they can. If you have any questions about tax exemptions or anything related to property taxes, please contact Crane & Norcross at 312-726-9161 or info@craneandnorcross.com.