Gov. Pritzker Signs Legislation To Ease Property Tax Burdens On Illinois Residents
CHICAGO – Today, Governor JB Pritzker signed legislation that streamlines property tax relief for seniors, veterans, and persons with disabilities while also encouraging local taxing districts to lower their levy rate, opening the door for hundreds of dollars in individual property tax savings per year. “Over the past twenty years, property taxes have skyrocketed at a rate far surpassing the increase in home values. For veterans, disabled Illinoisans, and our seniors, that can mean having to choose between basic needs—like healthcare—and losing their homes. That’s unacceptable—and needs to change,” said Governor JB Pritzker. “This bill expands homestead exemptions for veterans and their spouses, reduces interest rates, and allows for automatic renewal for our disabled homeowners. When I got elected, I promised to address rising property taxes for our residents. I am proud to sign this bill into law—taking another step
stLouIST