Property Ownership
An Illinois homeowner's property tax exemption that reduces the assessed value of a primary residence is called the:
ASenior Freeze Exemption
BGeneral Homestead Exemption✓ Correct
CDisabled Veterans Exemption
DAgricultural Exemption
Explanation
The General Homestead Exemption in Illinois reduces the assessed value of a qualifying owner-occupied primary residence by up to $10,000 (in Cook County) or $6,000 (in other counties), thereby reducing the property tax bill.
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