During Governor JB Pritzker’s recent budget address, he proposed the largest budget in state history but failed to mention property tax relief, despite it being a top concern for Illinoisans. Senate Republicans continue their push for immediate property tax relief for Illinois homeowners, especially seniors and low-income families, who are struggling with rising property taxes.
Members of the Senate Republican Caucus held a press conference on February 27, highlighting some of their legislative proposals. These legislative efforts aim to protect vulnerable homeowners and help families stay in their homes. Senator Fowler and his colleagues are committed to providing real relief to Illinoisans.
Senate Bill 2086 raises income eligibility for the Senior Citizens Assessment Freeze Homestead Exemption to $75,000 and ties future increases to inflation. Senate Bill 2093 makes the Illinois Property Tax Credit refundable, providing more financial relief to lower-income homeowners. Senate Bill 2246 limits how much the assessed value of a home can increases during reassessment years, capping it at the rate of inflation.