How long has the 7% Expanded Homeowner Exemption been available?
Cook County is divided into three districts for reassessment purposes– the City of Chicago, the north suburbs, and the south suburbs. The 7% Expanded Homeowner Exemption (EHE) was signed into law in July of 2004 and went into effect during each district’s reassessment. It was first applied to the City of Chicago for tax year 2003, to the north suburbs in 2004 and to the south suburbs in 2005. The 7% EHE was renewed in October of 2007 and will be in place for one more assessment cycle for each district. The current legislation will apply through 2008 for Chicago, 2009 for the north suburbs, and 2010 for the south suburbs.
