The effects of a proposed property tax freeze
Currently pending before the Illinois Legislature are a number of bills that attempt to stop any increase in property taxes; that legislation aims for what is commonly referred to as a property tax freeze.
Interestingly, property taxes are levied locally, not by the state. Therefore, a property tax freeze does not impact the state budget or financial situation, but rather imposes a burden on local taxing bodies, some of which already operate under limited taxing capability as non-home rule communities, like Flossmoor and Homewood. Please click here to read Flossmoor Mayor Paul Braun’s commentary in the Homewood-Flossmoor Chronicle.