IllinoisHB5009104th General Assembly (2025–2026)House

PROP TX-ASSESSMENT LIMIT

Sponsored By: Patrick Sheehan (Republican)

In Committee

Summary

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Patrick Sheehan

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Referred to Rules Committee

    2/10/2026House
  2. First Reading

    2/10/2026House
  3. Filed with the Clerk by Rep. Patrick Sheehan

    2/4/2026House

Bill Text

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