IL HB0833

Senior citizens homestead exemption in Cook County (3,000,000+ inhabitants) shifts from annual reapplication to automatic renewal for taxable years 2020-2024, with annual reapplication resuming in 2025

Cook County Assessor must enter intergovernmental agreements with the county clerk, Department of Public Health, and Social Security Administration to obtain death records and verify continued eligibility for senior exemptions

Assessment notices in Cook County must now include the number of automatic renewal years remaining on a current senior citizens homestead exemption

Property owners who inherit property from a deceased relative and receive erroneous senior exemptions are protected from penalties during years when no annual application was required or when multi-year renewal was in effect

Cook County Assessor must conduct audits of all senior homestead exemptions by December 31, 2022 and December 31, 2024 to identify erroneously granted exemptions, and must send termination notices to property owners when a senior exemption holder dies