HB2571

HB2571 grants a homestead exemption for persons with disabilities in Illinois, reducing their property tax liability.

HB2571 amends the Property Tax Code to provide an annual homestead exemption for persons with disabilities in Illinois. The exemption amounts to $2,000 and is deducted from the property's assessed value. To qualify, the property must be the primary residence of the person with a disability, who must also be liable for paying the property taxes. The disability must be medically determinable and expected to last at least 12 months. The exemption can be automatically renewed under certain conditions, such as if the property owner remains the same and the exemption was not deemed erroneous.