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SB 4029·IL·senate

PROP TX-SENIOR FREEZE

In CommitteeFiled Feb 6, 2026
Sponsor: Sue Rezin (R)
Latest Action

Added as Co-Sponsor Sen. Seth Lewis

Sep 21, 2026

Summary

The bill amends the Property Tax Code so that the maximum household income allowed for the low‑income senior citizens assessment‑freeze homestead exemption rises each year by the Consumer Price Index. It applies to seniors 65 or older who own or lease a single‑family residence (including certain cooperatives) and meet the income test. By tying the limit to inflation, the exemption stays affordable for qualifying seniors over time.

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