Budget & Taxes (Property Tax)

in committee · Illinois · House Mar 27, 2026

HB 3305: PROP TX-DARK STORES

HB 3305 requires "dark stores" (retail spaces used solely for online order fulfillment or vacant retail space) to be taxed as active properties starting in 2026, changing how these properties are assessed for property tax purposes. This directly affects businesses operating fulfillment centers for online orders and local governments collecting property taxes. The bill amends Illinois' Property Tax Code to define "dark store" and mandates these spaces be classified as active properties for tax assessment, ending previous treatment where they might have been taxed as vacant. The change takes effect immediately upon enactment, with the new assessment method applying to taxable year 2026 and beyond.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates taxation of dark stores as active properties, increasing local government tax revenue under property tax code amendments.95% confidence

Sub-Topics Property Tax

Track

in committee · Illinois · House Mar 21, 2025

HB 47: PROP TAX-SR FREEZE-MEDICARE

Amends the Property Tax Code. In a provision concerning the Low-Income Senior Citizens Assessment Freeze Homestead Exemption, provides that, beginning in taxable year 2026, the taxpayer's annual household income for purposes of determining eligibility for the exemption shall be reduced by any amounts paid by the taxpayer as Medicare premiums during the calendar year. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for low-income seniors by reducing taxable income for property tax exemption eligibility via Medicare premium deductions.95% confidence ✓ HealthcareSupports HealthcareBill reduces taxable income for seniors by Medicare premiums, easing financial burden on Medicare costs, supporting healthcare affordability for seniors.95% confidence ✓ HousingSupports HousingAmends property tax exemption to reduce income calculation by Medicare premiums, lowering housing costs for low-income seniors and advancing affordable housing access.85% confidence

Sub-Topics Property Tax Medicare Property Taxes

Track

in committee · Illinois · Senate Feb 4, 2026

SB 1807: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. In provisions concerning the Senior Citizens Assessment Freeze Homestead Exemption, provides that, for taxable years 2026 and thereafter, the maximum income limitation is $85,000 (currently, $65,000). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands senior property tax exemption eligibility by raising income cap from $65k to $85k, providing tax relief for fixed-income seniors per Budget & Taxes indicators.95% confidence ✓ HousingSupports HousingIncreases senior property tax exemption income limit, reducing housing costs for homeowners and advancing affordability for seniors.85% confidence

Sub-Topics Property Tax Property Taxes

Track

in committee · Illinois · House Mar 27, 2026

HB 1495: REVENUE-PROP TAX RELIEF

Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue shall establish and administer a property tax relief pilot program. Provides that eligible homeowners shall receive a one-time direct relief payment in an amount equal to a percentage, determined by the Department by rule, of the eligible homeowner's property tax liability for the 2025 tax year. Requires the Department of Revenue to submit a report in connection with the Program to the Governor and the General Assembly. Creates the Property Tax Relief Program Fund of 2026. Provides that moneys in the Fund shall be used by the Department for the purpose of making property tax relief payments. Amends the State Finance Act to make conforming changes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief via direct payments to homeowners, reducing tax burden. Aligns with tax relief indicators for middle/lower income.95% confidence

Sub-Topics Property Tax

Track

in committee · Illinois · House Mar 21, 2025

HB 3314: PROP TX-ASSESSMENT LIMIT

Amends the Property Tax Code. Provides that the assessed value of residential property in any general assessment year shall not exceed the assessed value of the property in the last general assessment year multiplied by one plus the percentage change in the Consumer Price Index during the 12-month calendar year immediately preceding the general assessment year for which the reassessment is conducted. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesLimits annual property tax increases to CPI, providing tax relief for homeowners and capping assessment growth per Property Tax Code amendment.90% confidence

Sub-Topics Property Tax

Track

in committee · Illinois · Senate Feb 7, 2025

SB 2126: PROP TX-AFFORDABLE HOUSING

Amends the Property Tax Code. Provides that property that is owned by a faith-based organization or an organization described under Section 501(c)(3) of the Internal Revenue Code of 1986 that is leased for a minimum of 50 years for the purpose of, and is predominantly used for, providing affordable housing for households with a household income of between 20% and 90% of the area median income is exempt from taxation under the Code until (i) the end of the ground lease term or (ii) the first taxable year during which the property is no longer used for affordable housing purposes, whichever occurs first. Provides that taxing districts may abate all or a portion of the property taxes levied on a qualified affordable housing developments.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts affordable housing properties from property tax, providing tax relief for organizations serving low-to-moderate income households (20-90% AMI), aligning with tax relief indicators.95% confidence ✓ HousingSupports HousingTax exemption for 50+ year leases of affordable housing (20-90% AMI) by 501(c)(3) orgs directly incentivizes development, aligning with affordable housing support indicators.90% confidence

Sub-Topics Property Tax Tax Incentives Affordable Housing Housing Finance Property Taxes

Track

in committee · Illinois · Senate Feb 4, 2025

SB 1526: PROP TX-ENERGY STORAGE

Amends the Property Tax Code. Provides that the fair cash value of commercial energy storage system improvements in counties with fewer than 3,000,000 inhabitants shall be determined by subtracting the allowance for physical depreciation from the commercial energy storage system trended real property cost basis. Provides that those commercial energy storage systems are not subject to equalization factors applied by the Department of Revenue or by any board of review, assessor, or chief county assessment officer. Provides that the owner of the commercial energy storage system shall commission a metes and bounds survey description of the land upon which the commercial energy storage system is located. Contains other provisions concerning the assessment of commercial energy storage systems. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reduces taxable value of commercial energy storage systems via property tax code amendment, providing direct tax relief for businesses in qualifying counties.92% confidence ✓ EnergySupports EnergyTax exemption for commercial energy storage systems reduces costs, promoting renewable energy infrastructure adoption by incentivizing investment in storage technology.95% confidence

Sub-Topics Property Tax Energy Storage

Track

in committee · Illinois · House Aug 14, 2025

HB 3724: PROP TX-GENERAL HOMESTEAD

Amends the Property Tax Code. Provides that, beginning with the 2026 tax year (to be collected in 2027), the total tax bill for property receiving the General Homestead Exemption may not exceed 103% of the total property tax bill for the property for the immediately preceding taxable year. Contains provisions concerning the reallocation of property tax liability.

Topics ✓ Budget & TaxesSupports Budget & TaxesCaps annual property tax increases for homestead exemptions, providing relief to homeowners by limiting annual tax bill growth to 103% of prior year.92% confidence

Sub-Topics Property Tax

Track

in committee · Illinois · Senate Aug 5, 2025

SB 1643: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, beginning in taxable year 2025, 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 & TaxesIncreases property tax exemption income limit for seniors using CPI, providing tax relief to low-income seniors. Directly supports tax policy for vulnerable groups.95% confidence

Sub-Topics Property Tax

Track

in committee · Illinois · House Mar 21, 2025

HB 3808: PROP TX-CIRCUIT BREAKER

Creates the Circuit Breaker Property Tax Relief Act. Provides that an individual who: (i) is domiciled in this State; (ii) is eligible for and receives either the general homestead exemption the general alternative homestead exemption; (iii) has experienced property tax bill spikes; and (iv) has an income that meets a specified income eligibility limitation is eligible for a grant of a portion of their bill spike. Provides that the maximum amount of grant to which a claimant is entitled is the one-half of the claimant's tax bill spike. Creates the Circuit Breaker Property Tax Relief Fund for the purpose of making grants to claimants. Amends the State Finance Act to make conforming changes. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief grants to low/middle-income homeowners facing sudden tax increases, directly reducing their tax burden per bill summary.95% confidence

Sub-Topics Property Tax Tax Incentives

Track