Bill Text: IL SB1862 | 2025-2026 | 104th General Assembly | Introduced

---

Bill Title: Amends the Property Tax Code. Establishes a homestead exemption for qualified homestead property that has been continuously owned, used, and occupied as the primary residence by the qualified taxpayer for at least 30 years any time prior to January 1 of the taxable year for which the exemption would apply. Requires taxpayers who have been granted an exemption to reapply on an annual basis. Provides that the assessor or chief county assessment officer may determine the eligibility of residential property to receive the homestead exemption by application, visual inspection, questionnaire, or other reasonable methods. Sets forth provisions concerning the review of exemptions granted under the provisions. Defines "qualified homestead property" and "qualified taxpayer". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced) 2025-02-19 - Added as Co-Sponsor Sen. Terri Bryant [SB1862 Detail]

Download: Illinois-2025-SB1862-Introduced.html

---

104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB1862 Introduced 2/5/2025, by Sen. Neil Anderson SYNOPSIS AS INTRODUCED:
35 ILCS 200/15-177.1 new
30 ILCS 805/8.49 new
Amends the Property Tax Code. Establishes a homestead exemption for qualified homestead property that has been continuously owned, used, and occupied as the primary residence by the qualified taxpayer for at least 30 years any time prior to January 1 of the taxable year for which the exemption would apply. Requires taxpayers who have been granted an exemption to reapply on an annual basis. Provides that the assessor or chief county assessment officer may determine the eligibility of residential property to receive the homestead exemption by application, visual inspection, questionnaire, or other reasonable methods. Sets forth provisions concerning the review of exemptions granted under the provisions. Defines "qualified homestead property" and "qualified taxpayer". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
LRB104 08380 HLH 18431 b
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY
A BILL FOR
SB1862 LRB104 08380 HLH 18431 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by adding
Section 15-177.1 as follows:
(35 ILCS 200/15-177.1 new)
Sec. 15-177.1. The 30-year property homestead exemption.
(a) Notwithstanding any other provision of law, beginning
with taxable year 2025 and each taxable year thereafter,
qualified homestead property that has been continuously owned,
used, and occupied as the primary residence by a qualified
taxpayer for at least 30 years any time prior to January 1 of
the taxable year for which the exemption would apply is exempt
from taxation under this Code.
(b) Each taxpayer who has been granted an exemption under
this Section must reapply on an annual basis. The applications
shall be clearly marked as applications for the 30-year
property homestead exemption. The assessor or chief county
assessment officer shall annually give notice of the
application period by mail or by publication. Application must
be made during the application period in effect for the county
in which the property is located. The assessor or chief county
assessment officer may determine the eligibility of

SB1862 - 2 - LRB104 08380 HLH 18431 b
residential property to receive the homestead exemption
provided by this Section by application, visual inspection,
questionnaire, or other reasonable methods, including the
requirement for additional documentation from the applicant.
The assessor or chief county assessment officer may enter into
intergovernmental agreements with other governmental entities
to establish information sharing agreements for the purpose of
verifying applications made under this Section. The chief
county assessment official shall conduct, by no later than
December 31 of the first year of each reassessment cycle, as
determined by Section 9-215 or Section 9-220, whichever
applies, a review of all exemptions granted under this Section
for the preceding reassessment cycle. The review shall be
designed to ascertain whether any 30-year property homestead
exemptions have been granted erroneously.
(c) As used in this Section:
"Qualified homestead property" means real property located
in the State that has been granted an exemption under this
Section and that, as of January 1 of the taxable year:
(1) is residential property that is owned and occupied
by a qualified taxpayer as the qualified taxpayer's
principal residence and domicile; or
(2) contains a single-family residence that is
occupied as a principal residence and domicile by a
qualified taxpayer who has a legal or equitable interest
in the property as a lessee, as evidenced by a written

SB1862 - 3 - LRB104 08380 HLH 18431 b
instrument, and on which the qualified taxpayer is liable
for the payment of property taxes.
"Qualified taxpayer" means an individual who, for at
least 30 continuous years as of January 1 of the taxable
year, has occupied the same homestead property as a
principal residence and domicile.
Section 90. The State Mandates Act is amended by adding
Section 8.49 as follows:
(30 ILCS 805/8.49 new)
Sec. 8.49. Exempt mandate. Notwithstanding Sections 6 and
8 of this Act, no reimbursement by the State is required for
the implementation of any mandate created by this amendatory
Act of the 104th General Assembly.
Section 99. Effective date. This Act takes effect upon
becoming law.