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Stable communities stay together. And staying together creates something priceless. It's called "neighborliness". It's the most valuable asset a community has.
The Homeowner Exemption for Long-term Properties (HELP) program helps keep neighbors together. It discounts property taxes for homeowners who are experiencing rapidly increasing property values.
Are you making less than $65,000 a year?
Have you lived in your home for 10 years?
Did you purchase a home through a non-profit agency 5 years ago ? (See Section 5, (2), there's more.)
If you answered "yes" to these questions, you're half-way to qualifying...
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Now, let's see if your property qualifies. This is for Class 2 real estate. In layman's terms, houses, 2-flats, even up to 6 units.
Also, your assessed value must have increased 150% since the last assessment. Your property won't qualify if it is worth $300,000 or your remodeling increased the assessed value by $45,000.
You can file for this exemption at the County Assessor's office. Or you can print the form here.
If you'd like, gather up your income and property tax records. Come to our office on Tuesdays and Thursday nights.
It's how I bring Cook County government to you.
My office is located at 2816 West Division. You can click below to see us on the map.
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