SPRINGFIELD, Ill. – Area homeowners would see savings on their property tax bill under legislation sponsored by state Rep. Kelly Burke, D-Evergreen Park, and recently passed out of the House.
“Many homeowners are struggling under skyrocketing property taxes and this measure will provide much-needed relief,” Burke said. “Lowering property taxes will go a long way towards helping lift up middle-class families and provide a boost to our local economy.”
Burke helped pass House Bill 156, a comprehensive property tax relief bill that benefits all homeowners, especially seniors and disabled veterans. Burke’s measure first increases the homestead exemption for all homeowners by up to 25 percent. A homestead exemption removes part of a home’s value from taxation.
House Bill 156 also increases the maximum Senior Homestead Exemption by up to 20 percent and additionally expands the criteria for which disabled persons could qualify for tax relief in relation to their income and percent of disability.
“We owe a deep debt of gratitude to veterans who were injured fighting for their country and the least we can do is make it easier for them to stay in their homes,” Burke said. “More seniors will now be able to afford to stay in their homes and enjoy their golden years.”