UPDATE: House Bill 6630 passed the Illinois House of Representatives on January 10 by a vote of 76-24-6.
SPRINGFIELD – The Illinois House Revenue & Finance Committee today approved legislation filed by State Representative Mark Batinick (R-Plainfield) to enact a permanent property tax freeze, House Bill 6630. The bill now advances to the full House of Representatives for consideration.
Rep. Batinick’s legislation resets Illinois’ property tax extension formula to 0.0%, starting in levy year 2016 and continuing thereafter with no provision to sunset or be phased out. It also allows voters of any taxing district to approve a levy increase (property tax hike) by referendum, if they so choose.
“Property tax relief is the number one issue for suburban homeowners,” Rep. Batinick said. “We need to provide meaningful property tax reform now that will allow working families and seniors on fixed incomes to afford to stay in their homes. House Bill 6630 would accomplish this bipartisan goal.”