Senate Bill 851: Property Tax Freeze

November 10, 2017

Client Alert
Legislation recently passed by the Illinois House could impact every taxing district in the State if it ultimately becomes law. Senate Bill 851, which amends the Property Tax Extension Limitation Law (“PTELL”), implements a tax freeze for certain taxing districts, and authorizes the implementation of a tax freeze for other taxing districts pursuant to referendum. Prior to becoming law, Senate Bill 851 needs final action by the Illinois Senate (which is not expected to be in session until January 2018) and approval by the Governor. The following is a summary of the key PTELL related provisions of Senate Bill 851.

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