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Bill

HB 2382

PROP TX-SUBDIVISION VALUE

104th Regular Session Introduced by Eva-Dina Delgado and 2 co-sponsors

Illinois bill modifying property tax valuation methods for subdivided land to affect developer costs and municipal tax revenues.

Rule 19(a) / Re-referred to Rules Committee
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Bill Summary · HB 2382

Legislative bill overview

HB 2382 proposes changes to how property subdivisions are valued for tax purposes in Illinois. The bill appears to address assessment methodologies for parcels that are divided or subdivided, potentially affecting how property taxes are calculated when land is split into multiple lots or units.

Why is this important

Property valuation directly impacts the tax burden on landowners and municipal tax revenue. Changes to subdivision valuation methods can significantly affect residential developers, agricultural landowners, and local school districts and government entities that depend on property tax revenue. This is particularly consequential in growing communities where land subdivision is frequent.

Potential points of contention

  • Developer vs. municipal interests: Developers may favor valuation methods that reduce tax liability on subdivided land, while municipalities may resist changes that decrease tax base revenue
  • Fairness and uniformity: Questions about whether new valuation standards apply consistently across property types and regions, or create advantages for certain subdividers
  • Implementation complexity: Assessors may face challenges implementing new valuation methodologies, potentially creating inconsistent application across counties

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

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