Gov. Pat Quinn is expected to sign legislation passed last week by
the Illinois General Assembly that would save Cook County senior citizen
homeowners $200 annually on their property tax bill, Cook County Assessor Joe Berrios told the Chicago Sun-Times.
approved, younger homeowners would also see smaller savings under the
measure, and the exemptions would be reflected on the bills going out
this year, Berrios said.
exemption for Cook County senior citizens would rise from $4,000
annually to $5,000, Berrios told the newspaper. Under the legislation, senior citizens in other
parts of the state would see the same rise in their exemption, but that change
won't kick in until tax bills are sent out next year.
Cook County property owners would see their exemption rise from $6,000
to $7,000 annually, Berrios said, adding that the change could save county
homeowners about $120 annually on their property tax bills.
Sen. Toi Hutchinson (D-Olympia Fields) was the bill's, SB 1894, main sponsor in the Senate, and Rep. John Bradley (D-Marion) was the chief sponsor in the House.