Homestead Exemptions Legislative Update

May 26, 2022

This past Friday, Governor Pritzker signed into law SB 1975 (now Public Act 102-0895). There has been a lot of press coverage about this new public act that seeks to provide property tax relief. Since its signing, many questions are coming into assessment offices around the state. To assist you in handling inquires, we have prepared the following overview.

Included within Public Act 102-895 are changes to some homestead exemptions amounts. These changes only apply to certain homestead exemptions and only impact residents of the Collar Counties (Lake, McHenry, Kane, DuPage, and Will). The changes are noted in the chart below:

In addition to the changes above, it should be noted Public Act 102-0895 also includes an end to annual reapplications for SHEVD for veterans with a combined service-connected disability rating of 100% and is deemed to be permanently and totally disabled, as certified by the United States Department of Veterans Affairs (read the text). This is an important point for all counties, but especially those with a significant number of veteran residents who may inquire about this update to state statute.

There were more provisions touching multiple sections of the Property Tax Code included in Public Act 102-0895. A full listing of those provisions with links to text within ILCS can be found below. A full report with updates will be released by IDOR this summer.

CAOA will continue to monitor proposed legislation and any trailer bills that may arise as we head toward the veto session this fall.

Jennifer Gomric Minton, CIAO-I
St. Clair County Assessor
County Assessment Officers Association Legislative Committee Chair


Public Act 102-0895 Additional Provisions:

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