Yingling introduces bill to provide property tax relief
Seniors and working families would receive property tax relief under legislation introduced by state Rep. Sam Yingling (D-Grayslake), doubling the value of two property tax deductions.
“During these difficult times, working families and seniors on fixed incomes need relief,” Yingling said. “This bill will help many of our neighbors make ends meet at a time when they need it most.”
House Bill 944 would double the value of two property tax exemptions, increasing the maximum value of senior citizens homestead exemption from $4,000 to $8,000 and increasing the maximum value of the general homestead exemption from $6,000 to $12,000. Any homeowner over the age of 65 with a legal interest in a property is eligible to receive the senior homestead exemption, and all homeowners may receive a general homestead exemption on their primary residence.
“When I talk with the people I represent, one of the most frequent and most serious concerns is the growing burden of property taxes,” Yingling said. “Making the voices of my community heard in Springfield is my top priority, and I’m glad that one of my first bills can do just that.”
Yingling represents the 62nd District, which contains portions of Gages Lake, Grayslake, Hainesville, the Round Lake communities, and Wauconda.