Illinois HB4018 proposes a statewide referendum on a general homestead exemption for property taxes.
Illinois HB4018, the Property Tax Relief and Fairness Referendum Act of 2026, directs the State Board of Elections to submit a statewide advisory question to voters at the general election on November 3, 2026. The question asks whether Illinois should adopt a general homestead exemption that reduces the equalized assessed value of a property by up to $25,000 before calculating property taxes.
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- Core Provisions
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- Legal Framework
- Critical Issues
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