Bill Status of HJRCA0033 102nd General Assembly
Short Description: CONAMEND-PROPERTY TAX
Rep. David A. Welter
Synopsis As Introduced
Proposes to amend the Revenue Article of the Illinois Constitution. Provides that the aggregate real property tax rate imposed on a particular property by a county or other taxing district shall not exceed 1.5% of the fair market value of that property unless the voters of the taxing district approve an increase above the 1.5% rate by three-fifths of the registered voters in the taxing district. Effective upon being declared adopted.