Scored 6/10 on whether it helps or hurts everyday people.
The Property Hikes Bill
Illinois bill caps property tax hikes to 3% or CPI
PROP TX-ASSESSMENT LIMIT
Mixed: some good, some bad ·
If passed, the bill would limit how much your property tax can rise each year to the smaller of 3% or the CPI increase, unless you add improvements.
Our take
What we think, in plain words.
Homeowners could see steadier tax bills, protecting them from big jumps, while cities may lose revenue and lose some control over local taxes, so voters should watch the debate.
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The facts
What the bill actually says, no spin.
- Limits assessment increase to the lesser of 3% or CPI change.
- Excludes increases caused by additions, improvements, or modifications, or when property is sold.
- Preempts home rule units' power to tax.
- Would take effect for the 2026 assessment year.
- Applies to all counties in Illinois.
In the news
Scanning the news for this bill…
Headlines gathered from across the news, starting points to explore, not endorsements. Always read the official text before acting.
Sources
Read it yourself: the official bill and records.
This bill is in the Illinois Bill Book 2026
The best and worst Illinois bills of 2026, one page each — our take on the left, the bill on the right, and room for your notes. No email needed.
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