· IL legislature · 104th

PROP TX-ASSESSMENT LIMIT

Amends the Property Tax Code. Provides that the assessed value of residential property in any general assessment year shall not exceed the assessed value of the property in the last general assessment year multiplied by one plus the percentage change in the Consumer Price Index during the 12-month calendar year imme…

Sponsor

Rick Ryan (D-IL)

Introduced

2025-02-06

Policy area

Taxation

Latest action

House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee