SPRINGFIELD, Ill. – As part of her ongoing mission to provide relief from skyrocketing property taxes, State Rep. Carol Sente, D-Vernon Hills, supported legislation to implement a statewide property tax freeze on Friday.
“As I walk door-to-door, residents continually share that they are frustrated with skyrocketing property taxes and in dire need of serious financial relief,” Sente said. “This legislation responds to homeowner concerns by placing an immediate freeze on property taxes, allowing them to keep more of their hard-earned dollars during a time when so many families are struggling just to make ends meet.”
Chicago Tribune May 15, 2015 Commentary and Photo By Community Contributor Office of State Representative Carol Sente.
House Bill 695 would amend the Property Tax Extension Limitation Law (PTELL) to create a permanent statewide property tax extension freeze for all units of local governments. Beginning in levy year 2015 and every year thereafter, taxes for all units of local government would be frozen at their current level unless voters choose to authorize an increase by referendum.
“Illinois continues to have some of the highest property taxes in the country, causing families to relocate to neighboring states in search of a more equitable tax policy,” Sente said. “The long-term economic health and prosperity of our state is dependent upon our ability to hold the line on outrageous property tax increases.”
House Bill 695 remains on second reading in the House and awaits further action.
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