Housing (Property Taxes)

in committee · Illinois · Senate Mar 21, 2025

SB 1501: HOMESTEAD EXEMPTION INCREASE

Amends the Code of Civil Procedure. Exempts from garnishment for a period of 30 calendar days wages electronically deposited directly into a judgment debtor's checking or savings account in a financial institution. Increases the amount that every individual is entitled to for the individual's estate of homestead from $15,000 to $100,000 if the property is owned by a single individual, and from $30,000 to $200,000 if the property is owned by 2 or more individuals. Makes conforming changes in provisions regarding: the validity of a release, waiver, or conveyance of a property; the proceeds of a sale; bids for less than the exempted amount; proceedings to enforce a judgment; notice to judgment debtors; and the sale of premises and distribution of proceeds. Increases the exemptions for: other personal property from $4,000 to $27,000; a motor vehicle from $2,400 to $16,000; tools of the trade of the debtor from $1,500 to 10,000; and personal injury from $15,000 to $100,000. Makes conforming changes.

Topics ✓ HousingSupports HousingBill increases homestead exemption (property rights protection) for homeowners, directly supporting property rights aspect of housing. No direct impact on other housing topics.90% confidence

Sub-Topics Property Taxes

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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

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in committee · Illinois · House Oct 15, 2025

HB 4106: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $80,000 (currently, $65,000). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands income threshold for senior property tax freeze, providing tax relief to low-income seniors per tax relief indicators.90% confidence ✓ HousingSupports HousingIncreases property tax exemption income limit for seniors, aiding housing affordability for low-income seniors by reducing tax burden on existing homes.85% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · House Mar 24, 2025

HB 1877: 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 & TaxesIncreases income threshold for senior property tax freeze, expanding tax relief for low-income seniors under tax code amendment.95% confidence ✓ HousingSupports HousingIncreases senior property tax freeze income limit to prevent displacement, supporting housing stability for low-income seniors under property rights.95% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · House Mar 25, 2026

HB 2536: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. In provisions concerning the low-income senior citizens assessment freeze homestead exemption, provides that the Chief County Assessment Officer in a county with 3,000,000 or more inhabitants may request full social security numbers or individual taxpayer identification numbers for all members of the applicant's household. Provides that the Chief County Assessment Officer may renew the low-income senior citizens assessment freeze homestead exemption without a new application if the Chief County Assessment Officer is able to confirm both that the applicant still owns and resides in the property and that applicant's household income qualifies for the exemption. Provides that a Chief County Assessment Officer who renews a low-income senior citizens assessment freeze homestead exemption without an annual application shall notify the applicant of both the decision to renew the exemption and the applicant's ongoing duty to report changes in the eligibility of the property to receive the exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for low-income seniors by freezing property tax assessments, aligning with tax relief indicators for lower income groups.90% confidence ✓ HousingSupports HousingBill provides property tax freeze for low-income seniors, making housing more affordable for them. Directly supports affordable housing for vulnerable seniors.90% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · House Mar 27, 2026

HB 1027: PROP TX-VETERANS-SPOUSE

Amends the Property Tax Code. Provides that, for taxable year 2025 and thereafter, the homestead exemption for veterans with disabilities carries over to the benefit of a deceased veteran's remarried surviving spouse as long as the surviving spouse holds the legal or beneficial title to the property and permanently resides on the property (currently, the surviving spouse is not eligible for the exemption if the spouse remarries). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends property tax exemption to remarried veteran spouses, providing tax relief for eligible homeowners under the Property Tax Code.95% confidence ✓ HousingSupports HousingExtends property tax homestead exemption to veterans' remarried spouses, reducing housing costs and promoting affordability for this specific group.85% confidence ✓ VeteransSupports VeteransExtends property tax exemption to remarried surviving spouses of veterans with disabilities, expanding access to a key benefit.95% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · House Mar 21, 2025

HB 1701: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption shall be increased in each taxable year by the annual cost of living adjustment, if any, in Social Security and Supplemental Security Income benefits that takes effect in that taxable year. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases income limit for senior property tax freeze, providing tax relief to low-income seniors through annual COLA adjustment95% confidence ✓ HousingSupports HousingIncreases income limit for senior property tax exemption, directly aiding housing affordability for seniors by preventing tax hikes that could force displacement.90% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · House Mar 21, 2025

HB 1092: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $85,000 for all qualified property. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends property tax relief for low-income seniors by capping income eligibility at $85k, aligning with tax relief indicators for lower-income groups.95% confidence ✓ HousingSupports HousingExpands property tax freeze eligibility for seniors, preventing displacement from rising property costs, aligning with housing stability protections.85% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · House Mar 21, 2025

HB 1193: PROP TX-SENIOR FREEZE-CPI

Amends the Property Tax Code. Provides that, for taxable year 2026, the maximum income limitation for the senior freeze shall be $73,700 for all qualified property (currently, $65,000). Provides that the maximum income limitation shall be adjusted each year according to the change in the Consumer Price Index for All Urban Consumers. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases senior property tax freeze income limit and adjusts for inflation, providing tax relief for fixed-income seniors per Property Tax Code amendment.95% confidence ✓ HousingSupports HousingIncreases senior property tax freeze income limit, expanding eligibility to help seniors afford housing costs without tax hikes.85% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · House Mar 27, 2026

HB 3340: PROP TX-REDUCTION PILOT PRG

Amends the Property Tax Code. Provides that, for taxable years 2026 through 2031, the total property tax liability for any parcel of residential property in Bloom, Rich, Bremen, Thornton, or Calumet township for any of those taxable years shall be limited to the lesser of (i) the actual property tax liability for the property or (ii) $5,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesLimits property tax liability for residential properties in specified townships, providing direct tax relief to homeowners through a $5,000 cap on annual tax burden.95% confidence ✓ HousingSupports HousingLimits property tax liability for residential properties to $5,000 annually in specified townships, reducing cost burden for homeowners and supporting housing affordability.85% confidence

Sub-Topics Property Taxes

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