Bill Status of HB4011

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HB4011 - 104th General Assembly

PROP TX-ASSESSMENT LIMIT
Last Action
3/04/2025 - House: Referred to Rules Committee
House Sponsors
Rep. Tom Weber and Kevin Schmidt
Statutes Amended In Order of Appearance
35 ILCS 200/9-145
Synopsis As Introduced
Amends the Property Tax Code. Provides that, in all counties, the equalized assessed value of property in a general assessment year shall not exceed the equalized assessed value of the property in the immediately preceding general assessment year, increased by the lesser of: (1) 3% of the equalized assessed value of the property for the immediately preceding general assessment year; or the percentage increase, if any, in the Consumer Price Index during the 12-month calendar year preceding the general assessment year for which the property is being reassessed. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.
Actions
Date Chamber Action
3/03/2025 House Filed with the Clerk by Rep. Tom Weber
3/04/2025 House First Reading
3/04/2025 House Referred to Rules Committee
3/18/2025 House Added Co-Sponsor Rep. Kevin Schmidt