Bill Status of HB5009

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HB5009 - 104th General Assembly

PROP TX-ASSESSMENT LIMIT
Last Action
2/10/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Patrick Sheehan
Statutes Amended In Order of Appearance
35 ILCS 200/9-145
Synopsis As Introduced
Amends the Property Tax Code. Provides that, in all counties, any change in assessment resulting from reassessment in the general assessment year shall not exceed the lesser of the following: (1) 3% of the assessed value of the property for the prior year; or (2) the percentage change in the Consumer Price Index during the 12-month calendar year preceding the assessment year. 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
2/04/2026 House Filed with the Clerk by Rep. Patrick Sheehan
2/10/2026 House First Reading
2/10/2026 House Referred to Rules Committee