Veteran Homeowner Exemptions

Veterans Homeowner Exemptions

The Cook County Assessor’s Office administers property tax exemptions that may contribute to lowering veteran's property tax bill.

For veterans returning from active duty in armed conflict, the Returning Veterans Exemption provides a $5,000 reduction in the equalized assessed value of their property for the taxable year in which they return.

The Homestead Exemption for Veterans with Disabilities is for veterans with a service-connected disability as certified by the U.S. Department of Veterans Affairs. The exemption reduces by certain amounts the Equalized Assessed Value (EAV) on the primary residence of a veteran with a disability, very likely lowering the tax bill. The amounts of those EAV deductions depend on the level of disability. Veterans 70% or more disabled receive an EAV reduction of $250,000, and because of this can be totally exempt from property taxes on their home.