· IL legislature · 104th

PROP TX-ASSESSMENT LIMIT

Amends the Property Tax Code. Provides that the equalized assessed value of property in a general assessment year, other than long-term ownership property, shall not exceed the equalized assessed value of the property in the immediately preceding general assessment year, increased by the lesser of: (1) 3% of the equ…

Sponsor

Jed Davis (R-IL)

Introduced

2026-01-07

Policy area

Taxation

Latest action

Referred to Rules Committee