IL HB1092

Increases the maximum household income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption from $65,000 to $85,000 beginning in taxable year 2026

Amends Section 15-172 of the Illinois Property Tax Code, which allows qualifying seniors aged 65 and older to freeze their property's assessed value at a base year amount

Applies to all qualified properties statewide, eliminating the previous distinction between counties with 3,000,000+ inhabitants and smaller counties for income thresholds

Takes effect immediately upon becoming law