WeVote
Log In

Bill

Bill

HB 1238

PROP TX-FLOOD HAZARD

104th Regular Session Introduced by Maurice West

Illinois bill modifying property tax assessments for flood-hazard properties to reduce tax burden on flood-prone homes and businesses.

Rule 19(a) / Re-referred to Rules Committee
0
WeVote Research Nonpartisan
Bill Summary · HB 1238

Legislative bill overview

HB 1238 proposes modifications to Illinois property tax treatment for properties in flood hazard zones. The bill appears designed to address how flooded or flood-prone properties are assessed and taxed, though specific provisions are not detailed in the available action history. This represents an attempt to create more equitable tax policy for property owners affected by flood risks.

Why is this important

Flood-prone properties often face dual financial burdens: higher insurance costs and potentially inflated property tax assessments based on pre-flood market values. Clarifying tax treatment for these properties could provide meaningful relief to affected homeowners and businesses while also influencing municipal revenue streams that depend on property tax collections. This issue has grown more pressing as climate-related flooding events increase in frequency.

Potential points of contention

  • Municipal revenue impact: Reducing tax assessments for flood-prone properties could decrease funding for local schools, services, and infrastructure that communities depend on
  • Fairness across property types: Questions about whether all flood-prone properties (residential, commercial, agricultural) should receive equal tax treatment, or whether relief should be means-tested
  • Assessment methodology: Disagreement over whether flood risk should reduce current assessments, or whether other mechanisms (insurance requirements, mitigation incentives) are more appropriate policy tools

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.