Yingling Passes Bill to Freeze Township Property Tax Levies
SPRINGFIELD, Ill. – State Rep. Sam Yingling, D-Grayslake, passed House Bill 178, in an effort to freeze property taxes in townships with populations below 100,000.
“Illinois’ property taxes are among some of the highest in the nation, and it’s time to rein them in,” Yingling said. “Illinois families need a break from rising property taxes, and this legislation will give them some relief.”
House Bill 178 is similar to House Bill 5311 that Yingling helped pass in 2014 but stalled in the Illinois Senate. House Bill 178 creates the Township Property Tax Extension Freeze Law. It provides that in counties that are subject to the Property Tax Extension Limitation Law (PTELL), for levy year 2015, within townships with 100,000 residents or less, the levy increase is zero percent.
“As we work to get Illinois’ economy back on track and provide financial security to homeowners, property tax relief must be a component,” Yingling added. “As I walk door-to-door to talk to my constituents, I am overwhelmed by the number of people who are in dire financial straits in large part due to property tax bills that continue to increase. I am hopeful the Senate will soon pass this tax levy freeze so that the governor can sign it and provide some help to struggling homeowners.”
Yingling represents the 62nd District, which contains portions of Gages Lake, Grayslake, Hainesville, the Round Lake communities, Wauconda and Wildwood.
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