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Thursday, April 25, 2024

CITY OF BERWYN: Township Assessor Senior Freeze Renewal Form Notification

Senioe

City of Berwyn issued the following announcement on Jan. 16.

The Cook County Assessor's office will be mailing out renewal forms this week. Seniors remember only Senior Freeze renewal forms will be mailed out. Senior Exemptions will be automatic starting this year and moving forward.

Exemption Eligibility Rules:

1) The Senior Exemption provides tax savings if an owner of a property was born in 1954 or earlier, and used the property as a principal residence in 2019.

2) The Senior Freeze provides seniors with additional savings if the combined income of all members of the household is less than $65,000 and if the senior has been an owner-occupant of the property since January 1, 2018.

The eligibility requirements described above are for the 2019 property taxes, which are paid in calendar year 2020. The savings from these exemptions will appear on second installment tax bills that will likely be mailed in late June, 2020.

New Senior Citizens: Homeowners who were born in 1954 would have turned sixty-five in 2019, and thus will likely be eligible for the senior exemptions for the first time this year. Although the new law automatically renews the exemptions of those who received the Senior Exemption last year, new seniors will have to apply for the exemption this year.

Seniors eligible for the Freeze for the first time. If a senior received the Senior Exemption last year, it will be automatically renewed. But if the senior qualifies for the Senior Freeze this year but did not last year, a Freeze application will have to be completed.

If you have any question please contact my office.

Berwyn Township Assessor

David Avila, 708-788-6600

http://www.berwynassessor.org/

Original source can be found here.

Source: City of Berwyn

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