Lilly Highlights the Need for Property Tax Relief

Lawndale News Chicago's Bilingual Newspaper - Business

Lawndale News Chicago's Bilingual Newspaper - Business

State Rep. Camille Y. Lilly, D- Chicago, is highlighting the need for concrete property tax relief for Illinois homeowners. “With the recent creation of the Illinois Property Tax Relief Fund and the Illinois Property Tax Relief Task Force, Illinois is closer than ever to delivering real property tax relief to homeowners,” Lilly said. “Far too many homeowners in our state are burdened by skyrocketing property taxes, even when their home values drop.” Lilly backed Senate Bill 39 to create the Illinois Property Tax Relief Fund and Senate Bill 1932 to create the Illinois Property Tax Relief Task Force. Both measures were recently signed into law by Gov. J.B. Pritzker. The Property Tax Relief Fund will provide property tax rebates to homeowners who claim the general homestead exemption and the rebates will appear as a line item on the property tax bills of homeowners. The Property Tax Relief Task Force will identify offer specific policy recommendations for legislative and administrative reforms to create short- and long-term property tax relief for homeowners. Lilly has previously supported expanding property tax exemptions for homeowners and supported a multiyear, statewide property tax freeze.

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