1 / 3

Clifford Sugerman

Clifford Sugerman Was a student of Taxation in Senior college .But to look for a job wasn’t his Objective in his life. He always wanted to be his own Boss, But contrary to his wish his parents wanted him to finish his studies and take a safer and stable move to work with any Government agency or with any established corporate. Because they are of the opinion that any jobs can provide a stable and secure life. Whereas entrepreneurship could be very risky and a competitive choice

CliffordSugerman
Download Presentation

Clifford Sugerman

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Property Tax Relief - Homestead Exemptions

  2. General Homestead Exemption (GHE) • his annual exemption is available for residential property that is occupied as the principal dwelling place of the owner, or a lessee; with a legal or equitable interest in the property; with a single-family residence; and who is liable for the payment of the property taxes on the leased property. The amount of exemption is the increase in the current year’s equalized assessed value (EAV), above the 1977 EAV, up to a maximum of $7,000 in Cook County and $6,000 in all other counties. The General Homestead Exemption may be granted automatically or may require an initial application to be filed with the chief county assessment office. For information and to apply contact the chief county assessment office.

  3. Public Act 98-0007 which passed into law in 2013 increases the GHE amount for Cook County from $6,000 to $7,000 beginning with the 2012 tax year (property taxes payable in 2013).  The increase in GHE for Cook County will help to offset the increase in EAV due to the Alternative General Homestead Exemption expiring in each of the assessment districts for the City of Chicago and the North and South Suburbs.

More Related