Legislation reducing property tax bills for Illinois seniors has been signed into law by Governor Pat Quinn.
Under the new law, the senior homestead exemption will be raised from $4,000 to $5,000, saving seniors up to $200 each year.
"The new law will reduce property tax bills for seniors across Illinois," Governor Quinn said. "This boost in savings will relieve some of the financial burden faced by seniors and working families, and help ensure no one struggles to stay in their home."
Seniors in Cook County will see the exemption this year, while all other counties will see it next year.
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