Bill > HB3471

This bill amends the Property Tax Code to extend provisions concerning erroneous homestead exemptions to counties with less than 3,000,000 inhabitants, specifically for low-income senior citizens assessment freeze homestead exemptions starting in the 2026 tax year. Currently, these provisions only apply to counties with 3,000,000 or more inhabitants (which typically means Cook County). The bill will allow county assessment officers in smaller counties to take similar actions when a senior citizen has received an erroneous low-income senior citizens assessment freeze homestead exemption, such as issuing notices of discovery, potentially filing liens, and charging interest or penalties for incorrectly granted exemptions. This change aims to create more consistent oversight and accountability for homestead exemptions across different counties in Illinois, ensuring that taxpayers who receive exemptions they are not eligible for can be held responsible for repaying the erroneously reduced property taxes.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3471&GAID=18&DocTypeID=HB&SessionID=114&GA=104