Illinois seniors get bigger break on property tax
- Category: Chicago
- Published Date
- Written by The Chicago Defender
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Legislation designed to reduce property tax bills for Illinois seniors is now law.
The bill raises the homestead exemption for Illinois residents age 65 and older by $1,000, from $4,000 to $5,000.
Gov. Pat Quinn signed it into law on Tuesday. The move could save seniors roughly $200 a year.
The new law also raises the general