Increases the homestead exemption for persons with disabilities from $2,000 to $4,000 starting in tax year 2025.
Illinois HB0070 amends the Property Tax Code to increase the annual homestead exemption for persons with disabilities from $2,000 to $4,000 beginning in tax year 2025. This exemption applies to properties occupied as the primary residence by a person with a disability, defined as someone unable to engage in substantial gainful activity due to a medically determinable physical or mental impairment lasting at least 12 months.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.