Synopsis As Introduced Amends the Property Tax Code. Includes disabled persons within the provisions granting an assessment freeze homestead exemption to senior citizens. Changes the name to the Senior Citizens and Disabled Persons Assessment Freeze Homestead Exemption (now Senior Citizens Assessment Freeze Homestead Exemption). Makes corresponding changes to a cross-reference to the exemption. Amends the States Mandates Act to require implementation without reimbursement. Effective immediately.
State Mandates Fiscal Note (Illinois State Board of Education)
The text of the bill includes an exemption from the State Mandates Act. ISBE does not have data regarding the numbers of property values of "disabled persons" who would become eligible for the exemption. It is therefore impossible to accurately estimate the increase in cost. While the administrative load would increase because of additional exemptions the increase should be negligible. The impact on State Aid in subsequent years could be considerable.