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Neutral Bill Mar 16, 2026

PROP TX-FLOOD HAZARD

Amends the Property Tax Code. Creates a homestead exemption, subject to certain limitations, for property that is located within a special flood hazard area as identified by the Federal Emergency Management Agency. Provides that the amount of the exemption shall be a reduction in the property's equalized assessed value of $5,000. Effective immediately.

https://legiscan.com/IL/bill/HB1238/2025
Bill data from LegiScan, used under CC BY 4.0.
Maurice West State Representative
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