Pritzker signs measure expanding property tax exemption for seniors, veterans and those with disabilities – Center Square

Senate Bill 1975, signed by Gov. J.B. Pritzker Friday, increases the general homestead exemption and senior citizens homestead exemption, reduces interest rates on tax deferrals for seniors and allows for automatic renewal of the homestead exemption for qualifying people with disabilities in Cook County, according to the governor’s office.
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Fed up neighbor
1 year ago

I don’t know none of it makes sense to me, counties bordering cook county the homestead exemption goes from 6,000 to 8,000 and the senior exemption from 5,000 to 8,000 for collar counties. The counties that would qualify and benefit from these updated exemptions would be only Dupage, Kane, Lake, McHenry and Will counties they border cook county and are the collar counties. Anyone have any input what about all the other counties in Illinois, sounds like campaign swindling on Pritzker’s part to fool people.

Last edited 1 year ago by Fed up neighbor
Freddy
1 year ago

Not sure what this exactly means but Cook county seems to benefit the most considering the county has over 3M population. What will the exemption be for Boone and Winnebago county? In Ptell counties if the exemption increases or an abatement is given that means the property tax RATE increases to compensate the lower overall EAV. A long while back when the senior exemption increased by $1K Winnebago county lost $24M in EAV since 24K seniors benefited from the reduction but the tax rate went up. This will probably be advertised en masse to the voters before the election and… Read more »

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Chicago Teachers Union contract demands are totally divorced from reality – Wirepoints

Details emerging about Chicago Teachers Union’s upcoming contract show just how divorced its demands, both extreme and expensive, are from the reality at Chicago schools. It’s not just about massive salary increases, but also about money for migrant students, climate initiatives, abortions and gender-affirming care. About blocking parental notification. Count on CTU’s demands to veer further from reality until the public finally says no. 

Read More »

Gov. Pritzker’s ‘ethics reform’ eliminates competitive elections and choice for voters – Wirepoints on AM 560 Chicago’s Morning Answer

Ted joined Dan and Amy to talk about a new law passed by the Democratic supermajority and signed by Gov. J.B. Pritzker that results in brazen election interference, keeping Republicans off ballots; about a referendum that tests the waters for a renewed progressive income tax hike; about how the Parental Notification referendum question was knocked off the ballot; and why laws like that pass so easily.

Read More »

Chicago needs more champions of literacy like Willie Wilson – Wirepoints

It’s rare to see city leaders in Chicago take an open, unabashed stance on the collapse of literacy. To complain is deemed as too political, too racist or too anti-public schools. So it’s refreshing to see Willie Wilson, a successful businessman and leader of the black community, call for a literacy initiative “with the goal of getting 100% of Black students reading at grade level.”

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE