# Illinois SB3540: PROP TX-ASSESSMENT LIMIT

Illinois SB3540, PROP TX-ASSESSMENT LIMIT, is a 104th General Assembly (2025–2026) Senate bill sponsored by Chapin Rose (Republican); status in committee, last action 2026-09-02 (Added as Co-Sponsor Sen. Paul Jacobs) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB3540-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB3540
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: PROP TX-ASSESSMENT LIMIT
- Status: in committee
- Chamber: Senate
- Introduced: 2026-02-05
- Last action: 2026-09-02, Added as Co-Sponsor Sen. Paul Jacobs
- Sponsor: Chapin Rose (Republican)
- Cosponsors: 3
- Subjects: assignments
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Amends the Property Tax Code. Provides that the assessed value of residential property in any general assessment year shall not exceed the assessed value of the property in the last general assessment year multiplied by one plus the percentage change in the Consumer Price Index during the 12-month calendar year immediately preceding the general assessment year for which the reassessment is conducted. 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Chapin Rose (Republican), Senate
- Cosponsor: Darby A. Hills (Republican), Senate
- Cosponsor: Dave Syverson (Republican), Senate
- Cosponsor: Paul Jacobs (Republican), Senate

## Actions (6)

- 2026-09-02: Added as Co-Sponsor Sen. Paul Jacobs (Senate)
- 2026-07-09: Added as Co-Sponsor Sen. Dave Syverson (Senate)
- 2026-06-29: Added as Co-Sponsor Sen. Darby A. Hills (Senate)
- 2026-02-05: Referred to Assignments (Senate)
- 2026-02-05: First Reading (Senate)
- 2026-02-05: Filed with Secretary by Sen. Chapin Rose (Senate)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3540.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3540.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-SB3540-2025-2026 (as of 2026-11-01).