IL HB1756

Increases the maximum household income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption from $65,000 to $75,000

Applies to taxable years 2026 and thereafter for all qualified properties statewide

Allows seniors age 65 and older who meet the income threshold to freeze their property's assessed value at the base year level, reducing property tax increases

Takes effect immediately upon becoming law