IL HB6237

Amends the Property Tax Code to change requirements for senior citizens homestead exemptions in counties with fewer than 3,000,000 inhabitants.

Makes the senior citizens homestead exemption permanent for qualifying seniors in smaller counties, eliminating the need for annual reapplication once the exemption has been granted.

Maintains current annual reapplication requirements for counties with 3,000,000 or more inhabitants, such as Cook County.

Exemption provides a maximum $5,000 reduction in property value for residents age 65 and older who own and occupy their home as a primary residence.

Takes effect immediately upon becoming law.