Docket Room
HB 4626·IL·house

PROP TX-HOMESTEAD EXEMPTION

In CommitteeFiled Jan 27, 2026
Sponsor: Joe C. Sosnowski
Latest Action

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

Mar 27, 2026

Summary

The bill rewrites how the state calculates the homestead property tax exemption starting in 2026. Homeowners will receive a fixed exemption based on county size ( $10,000, $8,000 or $6,000 ) plus an additional amount equal to the increase in the property's assessed value since the last sale. This could lower tax bills for many owners, especially in larger counties.

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