Understanding Property Taxes
Tax season can be stressful and confusing. But if you prepare beforehand, you can navigate your property taxes with confidence. Here, learn everything you need to know about how property taxes work in Illinois, and where you can turn for questions.
Property Tax Changes
You may have noticed recent changes to property tax laws. Bookmark this page to stay up to date.
Exemption Increase: The General Homestead Exemption increased to $10,000 for property owners in Cook County.
Tax Credit Change: Taxpayers with an adjusted gross income of more than $250,000, or $500,000 if filing jointly, can no longer claim the Illinois Property Tax Credit.
Federal Tax Bill Change: Homeowners can now claim a maximum combined deduction of $10,000 for property and income taxes.