SPRINGFIELD, Ill. – Lake County seniors could save up to an additional $3,000 on their property tax bills under a measure sponsored by state Rep. Joyce Mason, D-Gurnee.
“Our area has some of the highest property taxes in the state, and we must do everything we can to ease this growing burden on homeowners,” said Mason. “For seniors living on a fixed income, unaffordable property taxes should not force them out of the home where they built their life and raised their family.”
Mason’s House Bill 2430 would increase the maximum amount of the Senior Homestead Exemption from $5,000 to $8,000 for residents who are 65 years of age or older, and who own and live in a single-family home. The measure is intended to provide relief to seniors struggling to make ends meet, so they are better able to afford basic necessities such as groceries and medications.
“This legislation simply offers additional support to elderly residents who can’t afford to spend their life savings on property taxes,” said Mason. “I encourage seniors who are experiencing hardship paying their property tax bills to call my office at 847-485-9986 to learn more about existing cost-saving opportunities.”