Willis Backs Bill to Provide Property Tax Relief to Seniors
02/08/2017“Every year the cost of living increases but many seniors are on a fixed income,” said Willis. “We need to do more by raising the income threshold so more seniors can be eligible for a freeze on their property taxes.”
House Bill 381, would raise the amount of income a senior is able to receive and still be eligible to apply for a freeze on his or her property taxes. Currently, for individuals 65 and older, the most amount of money they can make and still be eligible for the Senior Citizens Assessment Freeze Homestead Exemption is $55,000 per year. Under House Bill 381, that threshold would be increased to $75,000. The amount of $55,000 was first established in 2008. In 2014, over 250,000 seniors received an exemption with an average of almost $9,500.
“I feel we can do better and this piece of legislation will help seniors stay in their homes, and will thus help keep communities strong,” said Willis. “When the senior property tax freeze was introduced, it was set to make it easier for older residents to remain in their homes, but as time passes, the cap on the freeze is simply not enough to help enough seniors stay in their neighborhoods.”
Willis is serving her third term in the Illinois General Assembly as State Representative of the 77th District, which includes O’Hare Airport and portions of Addison, Bellwood, Bensenville, Franklin Park, Maywood, Melrose Park, Northlake, Stone Park, and Wood Dale.