Moylan Backs Property Tax Relief Measure for Seniors

DES PLAINES, Ill. – Leading the charge to keep taxes in check and provide financial relief for Illinois’ seniors, state Rep. Marty Moylan, D-Des Plaines, recently backed legislation which expands the qualifications for seniors eligible to defer their property taxes and increases the amount they are able to defer.

“Property tax reform is something that Illinois has been in need of for many years, and the COVID-19 crisis has only made the issue more urgent,” Moylan said. “Many of the seniors in our state do not have much financial flexibility, and the high property taxes that have been levied upon them makes their fixed income even more rigid. Illinoisans are in serious need of some breathing room to get their finances in order, and expanding the eligibility for the tax deferral program will help provide that much-needed relief to Illinois seniors.”

Moylan co-sponsored Senate Bill 2244 which passed the House and the Senate with widespread bipartisan support. The bill would increase the maximum yearly income seniors can earn to qualify for the Senior Citizens Real Estate Property Tax Deferral Program from $55,000 to $65,000. The bill would also increase the amount of taxes which can be deferred under the program from $5,000 to $7,500.

“Illinois seniors worked many years and earned their retirement, and we need to work together to protect their financial well-being, especially in this economic climate,” Moylan said. “There is much more work to be done to achieve meaningful and long-lasting property tax reform, but I am determined to reach that goal. The widespread and bipartisan support for property tax reform makes me feel optimistic that we can make substantial progress to keep taxes in check.”

For questions concerning Senate Bill 2244, state issues, other legislation or district matters, please contact Moylan’s full-time constituent office at 847-635-6821 or email StateRepMoylan@gmail.com.