IL HB2452

Increases the senior citizens homestead exemption maximum reduction to $8,000 for all Illinois counties beginning in taxable year 2026, eliminating the current disparity where counties with 3,000,000+ inhabitants (and contiguous counties) receive $8,000 while other counties receive only $5,000

Raises the maximum household income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption from $65,000 to $75,000 starting in taxable year 2026

Applies to property owners age 65 or older who occupy the property as their primary residence and are liable for paying property taxes

Takes effect immediately upon becoming law