IL HB3580

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

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

Expands eligibility for the property tax freeze to seniors with household incomes between $65,001 and $75,000 who were previously ineligible under the current income threshold

Takes effect immediately upon becoming law