Illinois House of Representatives bill in Session 104.
Status: in_committee. Latest action: April 17, 2026.
PROP TX-SUBDIVISION VALUE.
Amends the Property Tax Code. In provisions concerning platted and subdivided but undeveloped property, provides that (i) beginning with the 2025 taxable year, no property's assessed value shall be reduced to less than $150 under those provisions and (ii) beginning with the 2035 taxable year, no property shall be eligible for calculation of its assessed value under those provisions for more than a 10-year period.
| Date | Event | Detail |
|---|---|---|
| 2025-02-04 | Introduced | Bill introduced |
| 2026-04-17 | Status | in_committee |
| 2026-04-17 | Latest Action | 4/17/2026 - House: |