PROP TX-5-YEAR HOMESTEAD

Session: 104th General Assembly
Year: 2025
Bill #: HB1326
Category: Revenue
Position: No position
Mandate?
Revenue Loss?
Authority Preemption?

View bill

Summary as Introduced

Amends the Property Tax Code. Creates a homestead exemption for certain property located in Cook County that has been used as a qualified taxpayer's principal dwelling place for at least 5 continuous years as of January 1 of the taxable year. Provides that the aggregate amount of property taxes levied against that property in any taxable year may not exceed $5,000. Effective immediately.



Back to Bill List