The People's Ledger
← All Illinois bills

HB1496Introduced in the House

PROP TX-LIMIT ASSESSMENTS

IntroducedHouse Rules

Introduced by Brad Halbrook, District 107

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

Amends the Property Tax Code. Provides that, beginning with the 2026 assessment year, the valuation of property in any general assessment year may not exceed (i) 101% of the value of the property in the previous tax year if the property is residential or (ii) 102% of the value of the property in the previous tax year if the property is not residential. Provides that the limitation does not apply if the increase in value is due to an addition, modification, or improvement to the property or if there has been a change in ownership of the property during the previous tax year. Preempts the power of home rule units to tax.

Where it stands

Rule 19(a) / Re-referred to Rules Committee

March 27, 2026

How did lawmakers vote?

No recorded vote is available for this bill yet.

Bill history

  1. Filed with the Clerk by Rep. Brad Halbrook

  2. First Reading

  3. Referred to Rules Committee

  4. Added Co-Sponsor Rep. Michael J. Coffey, Jr.

  5. Assigned to Revenue & Finance Committee

  6. Added Co-Sponsor Rep. Adam M. Niemerg

  7. Added Co-Sponsor Rep. David Friess

  8. Added Co-Sponsor Rep. Chris Miller

  9. Added Co-Sponsor Rep. Brandun Schweizer

  10. Added Co-Sponsor Rep. Travis Weaver

  11. Added Co-Sponsor Rep. John M. Cabello

  12. Added Co-Sponsor Rep. Bradley Fritts

  13. Added Co-Sponsor Rep. Nicole La Ha

  14. Added Chief Co-Sponsor Rep. Martin McLaughlin

  15. Added Chief Co-Sponsor Rep. Blaine Wilhour

  16. Chief Co-Sponsor Changed to Rep. Blaine Wilhour

  17. Added Co-Sponsor Rep. Amy L. Grant

  18. To Tax Policy: Other Taxes Subcommittee

  19. Rule 19(a) / Re-referred to Rules Committee

  20. Added Co-Sponsor Rep. Dennis Tipsword

  21. Added Co-Sponsor Rep. Kevin Schmidt

  22. Assigned to Revenue & Finance Committee

  23. To Tax Policy: Other Taxes Subcommittee

  24. Rule 19(a) / Re-referred to Rules Committee

Verify the information

Our commitment to neutrality

We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.