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Beiser bill would allow more seniors to qualify for property tax exemption

ALTON – State Rep. Dan Beiser, D-Alton, this month introduced House Bill 277, which would allow more seniors to qualify for exemptions on property taxes.

beiser dan“Our seniors are being hit from all ends with a rising cost of living, care expenses increasing, all while property taxes continue to go up each year,” Beiser said. “It’s unfair to ask citizens who are living on a fixed income or a pension to continually pay more in property taxes, despite the value of their property going down, which is often the case. This legislation would help take some of the weight off of our seniors by allowing more access to property tax exemption.”

HB 277 would increase the limit of the Senior Citizens Assessment Freeze Homestead Exemption from $55,000 to $75,000, as long as the person is 65 years or older. By expanding the income limit, it would allow more seniors to qualify for the exemption.

As of Feb. 7, the bill was in committee awaiting hearing, and co-sponsors, including Rep. Katie Stuart, D-Edwardsville, were being added.

 

The Illinois Business Journal welcomes business, community and government releases of general interest. Send items to Editor Dennis Grubaugh, dgrubaugh@ibjonline.com

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