Applications for Tax Deferral Due March 1, 2021
Senior citizens having a hard time paying their property taxes can take advantage of a loan program administered by the Cook County Treasurer’s Office.
Seniors whose annual household income is $55,000 or less can apply now for the Senior Citizen Real Estate Tax Deferral Program, which issues loans to cover property tax payments.
The loans, which are issued by the State of Illinois, do not have to be repaid until the property is sold or the homeowner dies. A simple interest rate of 6 percent per year is charged by the state. The maximum loan is $5,000 per year. To qualify, homeowners must be at least 65 years old by June 1 of the year in which the application is made.
Download the application from cookcountytreasurer.com
Submit the completed application and copies of the required documents to the Treasurer’s Office
The deadline is March 1, 2021. Applications after that date cannot be accepted
Homeowners must reapply every year
The First Installment for Tax Year 2020 is due March 2, 2021, but late charges are waived through May 3, 2021