Returning Veterans Homeowner Exemption

RETURNING VETERANS HOMEOWNER EXEMPTION. This form from the Cook County Assessor’s Office is used by eligible Illinois veterans to apply for a one-time reduction of $5,000 in the equalized assessed value (EAV) of their primary residence for property tax purposes. This exemption is available for the tax year in which a veteran returns from active duty in an armed conflict involving the United States and also applies to the following tax year. To qualify, the applicant must be an Illinois resident, have served in the U.S. Armed Forces, Illinois National Guard, or U.S. Reserve Forces, and must own and occupy the home as their principal residence on January 1 of the assessment year. The veteran must also be legally or equitably responsible for the payment of property taxes on the residence. Applicants must provide supporting military documentation, such as a certified DD214 or DD220 form, proving their return from active duty. The form requires information about the veteran, the property, and ownership details, and must be filed with the Assessor’s Office for each year that eligibility applies. A representative may file on behalf of a deceased veteran who met the requirements. www.FormsWorkflow.com