Budget & Taxes (Property Tax)

in committee · Illinois · House Apr 1, 2026

HB 4952: PROP TX-VETERANS DISABILITY

Amends the Property Tax Code. Provides that, for the purpose of granting the homestead exemption for veterans with disabilities, for taxable years 2025 and thereafter, if the veteran has a service connected disability of 60% or more, then the property is exempt from taxation under the Code (currently, if the veteran has a service connected disability of 70% or more, then the first $250,000 in equalized assessed value is exempt from taxation under the Code). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for veterans with 60%+ disability (down from 70%), reducing tax burden for qualifying veterans - tax relief aligning with support indicators.95% confidence ✓ VeteransSupports VeteransLowers disability threshold from 70% to 60% for property tax exemption, expanding eligibility for veterans with disabilities.95% confidence

Sub-Topics Property Tax Veteran Benefits Veteran Education Veteran Healthcare

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in committee · Illinois · Senate May 22, 2026

SB 3158: PROP TX-PROBATE

Amends the Property Tax Code. Provides that no interest or penalties shall be imposed with respect to property that is included in a decedent's probate estate at the time of a delinquency if the representative of the decedent's estate applies with the county treasurer for a waiver of those amounts and is granted that waiver. Provides that the waiver shall apply beginning on the date of the decedent's death until the earlier of either: (i) the date on which the property is sold, transferred, or conveyed or (ii) the date on which the estate is closed.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax penalty/interest waiver for probate estates, offering targeted tax relief per Property Tax Code amendment.85% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Feb 10, 2026

HB 5267: SHORT-TERM RENTAL ASSESSMENT

Amends the Property Tax Code. Provides that, in counties with a population of 200,000 or more that classify property, any residential property used in whole or in part as a short-term rental accommodation for 30 or more days in any year shall be assessed on the same basis of assessment as commercial property

Topics ✓ Budget & TaxesSupports Budget & TaxesReclassifies short-term rentals as commercial property for tax assessment, increasing revenue from this sector and closing a potential tax loophole in property taxation.90% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 27, 2026

HB 5433: PROP TX-CIRCUIT BREAKER

Creates the Circuit Breaker Property Tax Relief Act. Provides that an individual: (i) who is domiciled in this State; (ii) who is eligible for and receives either the general homestead exemption or the general alternative homestead exemption; (iii) who has experienced property tax bill spikes; and (iv) who has an income that meets a specified income eligibility limitation is eligible for a grant of a portion of the person's property tax bill spike. Provides that the maximum amount of grant to which a claimant is entitled is 50% 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 for eligible homeowners with bill spikes, reducing tax burden per income criteria.90% confidence

Sub-Topics Property Tax State Budget Tax Incentives

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in committee · Illinois · Senate Feb 2, 2026

SB 3189: PROP TX-30 YEAR HOMESTEAD

Amends the Property Tax Code. Establishes a homestead exemption for qualified homestead property that has been continuously owned, used, and occupied as the primary residence by the qualified taxpayer for at least 30 years any time prior to January 1 of the taxable year for which the exemption would apply. Requires taxpayers who have been granted an exemption to reapply on an annual basis. Provides that the assessor or chief county assessment officer may determine the eligibility of residential property to receive the homestead exemption by application, visual inspection, questionnaire, or other reasonable methods. Sets forth provisions concerning the review of exemptions granted under the provisions. Defines "qualified homestead property" and "qualified taxpayer". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for long-term homeowners, reducing tax burden per Property Tax Code amendment.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate May 22, 2026

SB 3217: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, beginning in taxable year 2026, 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 income threshold for senior property tax freeze annually with CPI, providing ongoing tax relief to low-income seniors per Property Tax Code amendment.95% confidence ✓ HousingSupports HousingIncreases property tax relief for low-income seniors, preventing displacement due to rising costs and enhancing housing affordability for vulnerable homeowners.90% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · Senate Feb 2, 2026

SB 3174: PROP TX-30-YEAR HOMESTEAD

Amends the Property Tax Code. Establishes a homestead exemption for qualified homestead property that has been continuously owned, used, and occupied as the primary residence by the qualified taxpayer for at least 30 years prior to January 1 of the taxable year for which the exemption would apply. Requires taxpayers who have been granted an exemption to reapply on an annual basis. Provides that the assessor or chief county assessment officer may determine the eligibility of residential property to receive the homestead exemption by application, visual inspection, questionnaire, or other reasonable methods. Sets forth provisions concerning the review of exemptions granted under the provisions. Defines "qualified homestead property" and "qualified taxpayer". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for long-term homeowners, reducing tax burden on qualifying residents per Property Tax Code amendment.90% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Feb 10, 2026

HB 5378: PROP TX-VETERANS W/DISABILITY

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 veteran has a service-connected disability of 50% or more, then the first $250,000 in equalized assessed value of the property is exempt from taxation under the Code (currently, if the veteran has a service-connected disability of 50% or more but less than 70%, the annual exemption is $5,000, and, if the veteran has a service-connected disability of 70% or more, then the first $250,000 in equalized assessed value of the property is exempt). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax exemption for veterans with disabilities, providing tax relief under the Property Tax Code.95% confidence ✓ VeteransSupports VeteransExpands property tax exemption for disabled veterans from $5,000 to $250,000 exemption, directly strengthening financial benefits for veterans with service-connected disabilities.95% confidence

Sub-Topics Property Tax Veteran Education Veteran Healthcare Veteran Housing

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in committee · Illinois · House May 5, 2026

HB 5200: PROP TAX-MUNICIPAL WORKERS

Amends the Property Tax Code. Provides that a homestead exemption is granted for property that (i) is located in a county with 1,000,000 or more inhabitants and (ii) is owned and occupied as a principal residence during the taxable year by a qualified municipal worker. Provides that the amount of the homestead exemption shall be a reduction from the equalized assessed value of the property in an amount equal to 5% of the equalized assessed value of the property. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 5% property tax exemption for municipal workers, offering tax relief to middle-income residents, aligning with support indicators.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate May 22, 2026

SB 3624: STATE'S ATTORNEY SALARY

Amends the Counties Code. Provides that, beginning July 1, 2026, each State's Attorney whose term begins after July 1, 2026 shall be compensated at the rate of 100% of the mean of the amount paid to the resident circuit judges in the county courthouse for the State's Attorney.. Provides that the State shall furnish 66 2/3% of the total annual compensation to be paid to each State's Attorney in the State based on the salary in effect on December 31, 1988, and 100% of the increases in salary taking effect after December 31, 1988. Provides that the amount shall be paid from the Personal Property Tax Replacement Fund. Provides that the county shall be responsible for the State and federal income tax reporting and withholding and the employer contributions under the Illinois Pension Code.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates state funding for State's Attorney salaries (66.67% of 1988 rates + 100% increases), directly allocating budget resources for public office compensation.90% confidence

Sub-Topics Income Tax Pensions Property Tax

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