Raila & Associates, P.C.

A Professional Service Corporation       Paula Raila, J.D., President

Providing Property Tax Appeal Services

Helping Property Owners in Chicago, Cook County & Illinois Achieve Tax Relief

(312) 587-9494  |  Toll Free (866) 931-1428  |  Se Habla Español  |  service@RailaAndAssociatesPC.com

Long-Time Occupant Exemption

Long-Time Occupant Exemption (LTOE) enables taxpayers to receive an expanded homeowner’s exemption with no maximum exemption amount (source: Assesor’s website).

Requirements

Long-Time Occupant Exemption requirements state that taxpayers must have:

  • Owned and occupied their residence for more than ten years
  • A total household income of $100,000 or less and
  • An assessment increase for their property that was significant enough to exceed the maximum amounts set by the state legislature.

source: www.cookcountyassessor.com

Forms and General Information

Exemption forms and general information are provided by the links below:

WARNING: Although the tax savings derived from the LTOE can be significant, if your assessment or market value is reduced even by less than 2%, then some or all of the savings from the LTOE may be removed.