Illinois HB3808 establishes a property tax relief grant for homeowners facing significant tax spikes.
HB3808, the Circuit Breaker Property Tax Relief Act, provides grants to Illinois homeowners who have experienced significant spikes in property taxes. Eligible homeowners can receive up to half of their tax bill spike as a grant. To qualify, homeowners must be domiciled in Illinois, receive a homestead exemption, and have experienced a tax bill spike of over $500. The grant amount is determined by the Chief County Assessment Officer, who can require proof of eligibility. The Act creates the Circuit Breaker Property Tax Relief Fund to manage grant payments.
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.