Budget & Taxes (Property Tax)

in committee · Illinois · Senate May 22, 2026

SB 1821: PROP TX-SENIORS

Amends the Property Tax Code. In provisions concerning the low-income senior citizens assessment freeze homestead exemption, provides that the applicant's income does not include up to $10,000 per household in required minimum distributions under the Internal Revenue Code from a retirement plan, retirement account, or retirement annuity. Provides that, for taxable year 2025 and thereafter, the maximum income limitation is $75,000 for all qualified property. Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that an eligible taxpayer has a household income of not more than $75,000 for tax year 2025 and thereafter (currently, $65,000 for tax years 2022 through 2025 and $55,000 for tax year 2026 and thereafter). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes retirement income from taxable base for seniors, providing property tax relief to low-income seniors under income limits.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Illinois · House Mar 27, 2026

HB 1337: PROP TX-PERSON W/DISABILITY

Amends the Property Tax Code. In provisions concerning the homestead exemption for persons with disabilities, provides that, if the person with a disability is eligible to receive disability benefits under the federal Social Security Act and has a household income that does not exceed 200% of the federal poverty level, then the property is exempt from taxation under the Code. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for low-income disabled persons (under 200% federal poverty level), directly offering tax relief to lower-income group per Budget & Taxes indicators.95% confidence ✓ HousingSupports HousingProvides property tax exemption for disabled residents with household income ≤200% federal poverty level, reducing housing costs and increasing affordability for low-income homeowners.95% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · Senate Jun 1, 2026

SB 1405: PROP TX-POLICE AND FIRE

Amends the Property Tax Code. Creates a homestead exemption in the amount of a reduction of $5,000 from the equalized assessed value of property of the surviving spouse of a police officer or firefighter who is killed in the line of duty. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $5,000 property tax exemption for surviving spouses of fallen officers, providing direct tax relief per Budget & Taxes topic indicators.92% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 21, 2025

HB 1826: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, for taxable year 2026, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Provides that, beginning in taxable year 2027, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption shall be increased each year by the percentage increase, if any, in the Consumer Price Index. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax relief for low-income seniors by increasing income threshold and indexing to CPI, aligning with tax relief for lower income.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 27, 2026

HB 3410: PROP TX-ABATEMENT

Amends the Property Tax Code. Provides that any qualified resident of a cultural district designated by the Department of Commerce and Economic Opportunity may petition the corporate authorities of any taxing district in which the person resides to abate up to one-half of the property tax levied against homestead property occupied as a primary residence by the qualified resident.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax abatement (reducing tax burden) for homestead owners in cultural districts, directly offering tax relief.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate Jun 2, 2025

SB 99: PROP TX-VETERANS

Amends the Property Tax Code. In provisions concerning the homestead exemption for veterans with disabilities and veterans of World War II, provides that, if the taxpayer is the surviving spouse of a veteran whose death was determined to be service-connected or (currently, and) the taxpayer is certified by the United States Department of Veterans Affairs as a recipient of dependency or indemnity compensation (currently, dependency and indemnity compensation), then the first $250,000 in equalized assessed value of the property is exempt from taxation under the Code. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands property tax exemption for veterans and surviving spouses, providing direct tax relief under Budget & Taxes topic.95% confidence ✓ VeteransSupports VeteransExpands homestead tax exemption for veterans' surviving spouses receiving VA dependency compensation, providing financial relief to eligible veterans' families.95% confidence

Sub-Topics Property Tax Veteran Benefits Veteran Education Veteran Housing

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in committee · Illinois · Senate May 13, 2025

SB 2660: PROP TX-POLICE PENSIONS

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a special purpose extension made by a non-home rule municipality for mandatory contributions to a police pension fund or a firefighters' pension fund is not considered part of the municipality's aggregate extension, but only for the first year during which the levy is ever imposed by the non-home rule municipality. Provides that certain levies made under the Illinois Pension Code are not considered new rates.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts police/firefighter pension levies from property tax cap, enabling municipalities to fund essential public safety pensions without exceeding tax limits.90% confidence ✓ Criminal JusticeSupports Criminal JusticeBill enables municipalities to fund police pensions without tax extension limits, directly supporting law enforcement financial stability under criminal justice policy.85% confidence

Sub-Topics Pensions Property Tax Policing

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in committee · Illinois · House Mar 11, 2025

HB 4018: PROPERTY TAX-REFERENDUM

Creates the Property Tax Relief and Fairness Referendum Act of 2026. Provides that the State Board of Elections shall cause a statewide advisory question of public policy concerning a general homestead exemption to be submitted to the voters at the general election to be held on November 3, 2026. Provides that the State Board of Elections shall immediately certify the question to be submitted to the voters of the entire State to each election authority in Illinois. Repeals the Act on January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates referendum for property tax relief via homestead exemption, directly aligning with tax relief indicators for homeowners.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 21, 2025

HB 3747: PROP TX-WOODED ACREAGE

Amends the Property Tax Code. In provisions concerning wooded acreage assessment, provides that the assessed value of property that is subject to assessment under those provisions may not exceed the product of the assessed value of the property for the immediately preceding assessment year multiplied by 104%. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCaps annual property tax assessment growth for wooded acreage at 104%, providing tax relief and promoting fiscal stability for landowners.85% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate May 22, 2026

SB 1492: PROP TX-SUBDIVISION VALUE

Amends the Property Tax Code. In provisions concerning platted and subdivided but undeveloped property, provides that (i) beginning with the 2025 taxable year, no property's assessed value shall be reduced to less than $150 under those provisions and (ii) beginning with the 2035 taxable year, no property shall be eligible for calculation of its assessed value under those provisions for more than a 10-year period.

Topics ✓ Budget & TaxesSupports Budget & TaxesSets minimum property tax valuation ($150) and limits special assessment period (10 years), ensuring consistent tax revenue for state budget.95% confidence

Sub-Topics Property Tax

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