SPRINGFIELD, Ill. (WTVO) — On the day the House passed the Senate’s Fair Tax amendment, Illinois Governor J.B. Pritzker announced the creation of a task force designed to create recommendations to create property tax relief for homeowners.
“For far too long, families across Illinois have struggled under too-high property tax burdens and an unfair income tax system that protects the wealthiest,” Pritzker said. “This task force is a commonsense addition to the fair tax, which aims to protect the middle class and those striving to get there while those making $250,000 and above pay more.”
The Property Tax Relief Task Force would be created via an amendment to the progressive tax legislation. The task force would be required to report back to the Governor and the General Assembly by December 31st.
The task force will be charged with using a racial and economic equity lens to identify the causes of high tax rates across the state, review best practices in creating property tax relief, and make recommendations that can be used to develop administrative, electoral, and legislative changes to create property tax relief.