SB1807 increases the income limit for the Senior Citizens Assessment Freeze Homestead Exemption in Illinois.
SB1807 amends the Property Tax Code to adjust the income limit for the Senior Citizens Assessment Freeze Homestead Exemption. For taxable years 2026 and beyond, the maximum income limitation increases to $85,000. This bill also outlines the process for applying for the exemption, including the requirement to submit an application to the Chief County Assessment Officer. The exemption applies to individuals aged 65 or older with a household income not exceeding the specified limit.
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