MELROSE PARK, Ill. – State Rep. Norma Hernandez, D-Melrose Park, is working to provide property tax relief for home buyers and expand access to housing by creating a property tax exemption for certain kinds of newly-built homes.

“Many Illinoisans are looking to achieve their American dream and purchase their own home,” Hernandez said. “Unfortunately, property tax burdens can make this dream unobtainable, leaving these homes to go unsold, or be bought by those not looking to make that home their permanent residence. This leads to even less construction of new homes, further diminishing the options available to potential home-buyers. This new legislation will help buyers of new homes with property taxes and lead to greater utilization of existing land.”

Hernandez’s House Bill 1377 allows homebuyers to receive a 50% reduction value used to calculate property tax assessments for 8 years, followed by 2 years of a 33% reduction. The bill would apply to recently built constructions and is limited to certain areas, emphasizing areas that have been historically underutilized. 

Hernandez received bipartisan support in the House Revenue & Finance Committee. The bill now moves to the House Floor to be voted on by the full body.

“This bill will not only provide immediate property tax relief, but will also promote the construction of more single-family homes in areas that have been neglected or overlooked for such construction,” said Hernandez. “When our neighborhoods are put to their best use and we have a greater supply of quality housing options, we all benefit. I am excited to see this legislation help more people achieve the American dream.”

Rep. Norma HernandezRep. Norma Hernandez

(D-Melrose Park)
77th District

Springfield Office:
247-E Stratton Office Building
Springfield, IL 62706
(217) 782-3374

District Office:
125 N. 19th Ave
Melrose Park, IL 60160