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SB 2746

PROP TX-SENIOR FREEZE

104th Regular Session Introduced by Chris Balkema and 1 co-sponsor

Illinois bill establishing property tax freeze for qualifying senior homeowners to limit annual assessment increases and reduce housing cost burden on fixed incomes.

Added as Co-Sponsor Sen. Chris Balkema
0
WeVote Research Nonpartisan
Bill Summary · SB 2746

Legislative bill overview

SB 2746 proposes to establish or modify property tax freeze provisions for senior citizens in Illinois. The bill would limit property tax increases for qualifying seniors, typically capping annual assessment growth or providing exemptions. This measure aims to provide tax relief and housing stability for elderly homeowners on fixed incomes.

Why is this important

Senior citizens often live on fixed or limited incomes, making rising property taxes a significant financial burden that can threaten their ability to remain in their homes. Property tax freezes directly affect municipal and school district funding, as well as the broader state tax base, making this a consequential policy with competing fiscal implications. The outcome will shape both individual household finances for seniors and local government budgetary planning.

Potential points of contention

  • Fiscal impact on local governments: Property tax freezes reduce revenue for schools, municipalities, and other taxing bodies, potentially forcing cuts to services or shifting costs to other taxpayers
  • Eligibility and verification: Determining which seniors qualify (income thresholds, age requirements, residency) and preventing fraud requires administrative resources and can create disputes
  • Equity concerns: Benefits accrue primarily to homeowners while renters receive no direct relief; geographic disparities may emerge if some communities are disproportionately affected by frozen assessments

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

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