Illinois HB1495 establishes a property tax relief pilot program for eligible homeowners.
Illinois HB1495 creates a property tax relief pilot program administered by the Department of Revenue. Eligible homeowners, defined as those who own or lease a qualifying property on January 1, 2025, and are liable for property taxes for the 2025 tax year, can receive a one-time direct relief payment. The amount of the payment is determined by the Department and is a percentage of the eligible homeowner's property tax liability for the 2025 tax year.
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