· IL legislature · 104th

PROP TX-SUBDIVISION VALUE

Amends the Property Tax Code. In provisions concerning platted and subdivided but undeveloped property, provides that (i) beginning with the 2025 taxable year, no property's assessed value shall be reduced to less than $150 under those provisions and (ii) beginning with the 2035 taxable year, no property shall be el…

Sponsor

Natalie Manley (D-IL)

Introduced

2025-01-31

Policy area

Taxation

Latest action

Placed on Calendar 2nd Reading - Short Debate