Lilly Highlights the Need for Property Tax Relief

CHICAGO – State Rep. Camille Y. Lilly, D- Chicago, is highlighting the need for concrete property tax relief for Illinois homeowners.

“With the recent creation of the Illinois Property Tax Relief Fund and the Illinois Property Tax Relief Task Force, Illinois is closer than ever to delivering real property tax relief to homeowners,” Lilly said. “Far too many homeowners in our state are burdened by skyrocketing property taxes, even when their home values drop.”

Lilly backed Senate Bill 39 to create the Illinois Property Tax Relief Fund and Senate Bill 1932 to create the Illinois Property Tax Relief Task Force. Both measures were recently signed into law by Gov. J.B. Pritzker. The Property Tax Relief Fund will provide property tax rebates to homeowners who claim the general homestead exemption and the rebates will appear as a line item on the property tax bills of homeowners. The Property Tax Relief Task Force will identify offer specific policy recommendations for legislative and administrative reforms to create short- and long-term property tax relief for homeowners. Lilly has previously supported expanding property tax exemptions for homeowners and supported a multiyear, statewide property tax freeze.

“We need to send a message to Illinois homeowners that the days of out-of-control property taxes are coming to an end by not only providing direct property tax relief, but also reforming our broken property tax system,” Lilly said. “A critical part of my pledge to build a stronger Illinois is to institute fairer taxes for the middle class, and that can only happen by reducing the crippling burden of property taxes.”