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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB5200 Introduced 2/10/2026, by Rep. Angelica Guerrero-Cuellar SYNOPSIS AS INTRODUCED:
| | | Amends the Property Tax Code. Provides that a homestead exemption is granted for property that (i) is located in a county with 1,000,000 or more inhabitants and (ii) is owned and occupied as a principal residence during the taxable year by a qualified municipal worker. Provides that the amount of the homestead exemption shall be a reduction from the equalized assessed value of the property in an amount equal to 5% of the equalized assessed value of the property. Effective immediately. |
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| | | STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
MAY APPLY
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| | A BILL FOR |
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| | HB5200 | | LRB104 20268 HLH 33719 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by adding |
| 5 | | Section 15-190 as follows:
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| 6 | | (35 ILCS 200/15-190 new) |
| 7 | | Sec. 15-190. Municipal worker homestead exemption. |
| 8 | | (a) Beginning in taxable year 2027, a homestead exemption |
| 9 | | is granted for property that (i) is located in a county with |
| 10 | | 1,000,000 or more inhabitants and (ii) is owned and occupied |
| 11 | | as a principal residence during the taxable year by a |
| 12 | | qualified municipal worker. The amount of the homestead |
| 13 | | exemption shall be a reduction from the equalized assessed |
| 14 | | value of the property in an amount equal to 5% of the equalized |
| 15 | | assessed value of the property. |
| 16 | | (b) The assessor or chief county assessment officer may |
| 17 | | determine the eligibility of property to receive the exemption |
| 18 | | provided by this Section by affidavit, application, visual |
| 19 | | inspection, or questionnaire or by other reasonable methods. |
| 20 | | (c) The exemption under this Section is in addition to any |
| 21 | | other homestead exemption provided in this Article 15. |
| 22 | | Notwithstanding Sections 6 and 8 of the State Mandates Act, no |
| 23 | | reimbursement by the State is required for the implementation |