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SB 2320

PROP TX-WOODED ACREAGE

104th Regular Session Introduced by Steve McClure

Illinois bill proposing changes to wooded acreage property tax assessment methodology, affecting landowner costs and local government revenues.

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Bill Summary · SB 2320

Legislative bill overview

SB 2320 proposes changes to how Illinois property tax assessments treat wooded acreage. The bill, introduced by Senator Steve McClure, would modify the existing property tax exemption or valuation methodology for properties containing woodland. The specific mechanisms and thresholds are not detailed in the current filing information available.

Why is this important

Property tax assessments directly affect landowner costs and state/local tax revenue. Changes to how wooded land is valued can significantly impact rural landowners, forestry operations, and local government budgets that depend on property tax revenue. This is particularly relevant in Illinois where forestry and woodland conservation are economically and environmentally significant.

Potential points of contention

  • Agricultural vs. woodland classification: Defining what qualifies as "wooded acreage" versus agricultural or developed land could create disputes and inconsistent applications across counties
  • Revenue implications: Reducing assessed values on wooded properties decreases local tax revenue, potentially shifting tax burden to other property classes or requiring service cuts
  • Implementation challenges: County assessors already struggle with consistent valuation standards; new woodland-specific rules may create administrative complexity and appeals

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

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