IL HB1114

Amends the Property Tax Code Section 15-172 regarding the Senior Citizens Assessment Freeze Homestead Exemption by redefining "household income" to exclude amounts paid to life care facilities as defined in the Life Care Facilities Act for care of household members.

Requires the Department of Revenue to establish a method for verifying the validity of expenses paid to life care facilities claimed under the exemption.

Allows senior citizens aged 65 or older with qualifying household income to receive a homestead exemption that freezes property tax assessments based on a base year value, with exemption amounts varying by income level and county size.

Exemption applies to both property owners and lessees of single-family residences, cooperative apartments, and life care facilities that qualify as cooperatives, with varying application deadlines based on county population.

Provides special provisions for surviving spouses, applicants with medical hardships, and those denied exemptions due to assessment official errors, while maintaining confidentiality of application information.