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Bill

SB 2798

PROP TX-GENERAL HOMESTEAD

104th Regular Session Introduced by Laura Murphy

SB 2798 modifies Illinois's homestead property tax exemption program, potentially altering eligibility, benefits, or administration affecting homeowners and municipal revenues.

Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
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Bill Summary · SB 2798

Legislative bill overview

SB 2798 proposes amendments to Illinois's homestead property tax exemption program. The bill, introduced by Senator Laura Murphy, is currently in early legislative stages having just received its first reading and been referred to committee assignments.

Why is this important

Illinois's homestead exemption is a significant property tax relief program affecting hundreds of thousands of residential property owners. Changes to this program could impact property tax bills, municipal revenue, and housing affordability across the state, making it relevant to homeowners, local governments, and renters affected by housing costs.

Potential points of contention

  • Municipal revenue impact - Expanding or modifying homestead exemptions reduces property tax revenue for schools, municipalities, and other local services that depend on these collections
  • Eligibility criteria changes - Alterations to who qualifies (income limits, property value caps, residency requirements) will benefit some homeowners while potentially excluding others
  • Implementation costs - Administrative changes to assessment and exemption processing may create fiscal burdens for county assessor offices already managing complex property tax systems

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

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