· IL legislature · 104th

PROP TX-ASSESSMENT LIMIT

Amends the Property Tax Code. Provides that, in all counties, any change in assessment resulting from reassessment in the general assessment year shall not exceed the lesser of the following: (1) 3% of the assessed value of the property for the prior year; or (2) the percentage change in the Consumer Price Index dur…

Sponsor

Patrick Sheehan (R-IL)

Introduced

2025-02-04

Policy area

Taxation

Latest action

Rule 19(a) / Re-referred to Rules Committee