Senior Freeze Exemption - Cook County Assessor

ENIOR

REEZE

XEMPTION

NFORMATION

Please review before completing

Senior Freeze Exemption application.

Who is eligible?

What is included in household income?

To qualify for the 201 Senior Freeze Exemption you must:

Income that must be included in your household income:

limon

eceived

e 65 years of age or older in 201 ;

nnuity benefits

have

total

household

income

Black Lung benefits

than$55,000 for 201 ;

have used the property as your principal place of

usiness income

residence on January 1, 201

and January 1, 201 ;

apital gains

own the property, or have legal, equitable or

ash assistance from Public Aid

leasehold interest in the property on January 1, 201

ash winnings from raffles, lottery, etc.

and January 1, 201 , and

Civil Service benefits

be liable for the payment of 201 and 201 property

amages awarded in a lawsuit for nonphysical injury

taxes

ividends

arm income

If your spouse died in 201 and would have qualified for the

nterest

exemption in 201 , and you meet all of the above

nterest received on life insurance policies

requirements except the age requirement, you are eligible

for this exemption

201

and possibly

201 .

ump sum Social Security payments

Please contact our office for further information.

ilitary retirement pay

onthly insurance benefits

If you previously received this exemption and now reside in

ension and IRA benefits

a nursing home and if your property is unoccupied, or is

ailroad benefits

occupied by your spouse, you may be eligible if the other

ental income

requirements are met.

Social Security income (including Medicare

deductions)

Residents of cooperative apartment buildings or cooperative

Supplemental Security Income (SSI) benefits

life-care facilities may qualify for this exemption if they are

nemployment compensation

liable for the payment of property taxes on their residence

ages, salaries, and tips

and meet the other requirements.

Workers’ Compensation Act income

Workers’ Occupational Diseases Act income

What is a household?

A household means all persons, including the applicant’s

What is not included in household

spouse, who used the residence of the applicant as their

principal residence on January 1, 201 .

income?

Income you should not include in your household income:

limony paid

When must I file?

ash gifts

hild support payments

This form must be filed each year in order to continue to

Circuit Breaker grants

receive this exemption. The eligibility requirements listed

amages awarded from a lawsuit for a physical

under “Who is eligible” must be met each year.

personal injury

Energy Assistance payments

Note: Additional documentation (i.e., birth certificates, tax

ederal income tax refunds

returns, etc.) may be required to verify the information in this

application.

I.R.A.s rolled over into other retirement accounts

ump sums from inheritances

ump sums from insurance policies

oney borrowed against a life insurance policy

oney borrowed from any financial institution

pousal impoverishment payments

tipends from the Foster Parent and Foster

Grandparent programs

eteran’s benefits

Senior Freeze Exemption - Cook County Assessor - 2016 Page 4

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