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HB 4492·IL·house

PROP TX-SENIOR HOMESTEAD

In CommitteeFiled Jan 20, 2026
Sponsor: Paul Jacobs
Latest Action

Rule 19(a) / Re-referred to Rules Committee

Mar 27, 2026

Summary

The bill changes the state Property Tax Code so that any property that qualifies for the senior citizens homestead exemption will no longer be taxed at all beginning in the 2026 tax year. It affects senior homeowners who currently receive a partial reduction in assessed value. The change aims to provide greater tax relief to older residents.

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