IL HB0431

Amends the Property Tax Code Section 15-170 to modify senior citizens homestead exemption requirements in counties with less than 3,000,000 inhabitants.

Changes the exemption provision from optional (county board may provide) to mandatory: persons granted the exemption need not reapply for it.

Removes language allowing assessors to require annual reapplication for eligibility verification in smaller counties, eliminating the option to mail applications to taxpayers.

Exemption continues to provide maximum $5,000 property value reduction for eligible seniors age 65 and older in counties under 3,000,000 population.

Takes effect immediately upon becoming law.