IL HB3078

Increases the maximum income limitation for the Senior Citizens Assessment Freeze Homestead Exemption from $65,000 to $75,000 for taxable years 2019 and thereafter.

Applies the new $75,000 income limit to all qualified properties statewide, replacing the previous tiered system that varied by county population.

Maintains existing exemption mechanics where eligible seniors (age 65+) receive property tax relief equal to the difference between their home's current assessed value and its base year value.

Takes effect immediately upon becoming law.