Illinois Senate Republicans are highlighting a package of legislation aimed at providing property tax relief, improving transparency, and helping seniors remain in their homes.
The proposals come as Illinois families continue to face one of the highest tax burdens in the nation, with rising property taxes placing increasing pressure on homeowners, seniors, farmers, and small businesses.
Senate Bill 2706, sponsored by Senator Turner, would update the outdated formula used to assess wind and solar energy projects for property tax purposes, helping ensure those projects are taxed based on current market realities.
Senate Bill 2701, sponsored by Senator Balkema, would eliminate annual renewal requirements for seniors already receiving the Senior Citizens Homestead Exemption, reducing unnecessary paperwork and red tape.
Senator Balkema also introduced Senate Bill 3243, which would allow counties to post property assessment rolls online in addition to traditional newspaper publication requirements, making information more accessible to taxpayers.
Senate Bill 3872, sponsored by Senator Wilcox, would create the “Free and Clear Senior Homestead Exemption Act,” fully exempting qualifying seniors age 75 and older from property taxes on their primary residence if they own their home free and clear and meet income requirements.
Senate Republicans say the package reflects their ongoing effort to address affordability, reduce the property tax burden, and make government work better for Illinois taxpayers.
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