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HB 1837 Illinois House · 104th Regular Session

PROP TX-GENERAL HOMESTEAD

Summary
Amends the Property Tax Code. Increases the maximum reduction for the general homestead exemption to $50,000 in counties with 3,000,000 or more inhabitants. Provides that for taxable years 2025 through 2027, the property tax liability for homestead property in Cook County that contains a single-family home or a multi-unit residential dwelling with fewer than 3 units shall not exceed the adjusted property tax liability for the property for the applicable tax year. Effective immediately.
Issues: ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead exemption cap and caps property taxes for homeowners, providing tax relief for middle-income residents.95% confidence ✓ HousingSupports HousingIncreases homestead tax exemption to $50k, reducing property tax burden for homeowners in high-cost counties, directly advancing housing affordability for residents.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 28, 2025 Last action Mar 21, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
6
Key actions
1
Committee
4
Mar 21, 2025
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 3, 2025
Lower · Passed
To Property Tax Subcommittee
lower
Feb 25, 2025
Committee
Assigned to Revenue & Finance Committee
lower
Jan 29, 2025
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Curtis Tarver
Curtis Tarver
DDemocratic
IL
25