SB3189

Illinois SB3189 establishes a homestead exemption for residential property continuously owned and occupied as a primary residence for at least 30.

Illinois SB3189 amends the Property Tax Code to create a homestead exemption for qualified residential property continuously owned, used, and occupied as a primary residence by the same qualified taxpayer for at least 30 years. The exemption applies to any taxable year starting from 2026. The chief county assessment officer determines eligibility through application, visual inspection, questionnaire, or other reasonable methods. The bill also allows for intergovernmental agreements to share information for verifying applications. The exemption requires annual reapplication.