Bill > HB2452

This bill modifies the Senior Citizens Homestead Exemption and Low-Income Senior Citizens Assessment Freeze Homestead Exemption provisions of the Property Tax Code, primarily focusing on expanding tax relief for senior homeowners. Specifically, the bill changes the maximum homestead exemption amount to $8,000 for all counties starting in the 2026 tax year (previously, some counties had a lower $5,000 exemption). Additionally, the bill increases the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption from $65,000 to $75,000 for taxable years 2026 and thereafter. These changes aim to provide more consistent and expanded property tax relief for senior citizens across different counties, regardless of population size, and allow seniors with slightly higher incomes to qualify for the assessment freeze exemption. The bill is effective immediately and ensures that seniors 65 years and older who meet certain income and residency requirements can receive these property tax benefits.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2452&GAID=18&DocTypeID=HB&SessionID=114&GA=104