Herald-Whig

Sen. Tracy appointed to state's new Property Tax Relief Task Force

By Herald-Whig
Posted: Aug. 19, 2019 12:01 am

QUINCY -- State Sen. Jil Tracy (R-Quincy) has been appointed to serve on the state's new Property Tax Relief Tax Force charged with finding ways to provide tax relief to home and business owners.

The tax force was created through a bipartisan bill signed into law by Gov. J.B. Pritzker.

According to the legislation, the tax force's mission is to "identify the causes of increasingly burdensome property taxes across Illinois, review best practices in public policy strategies that create short-term and long-term property tax relief for homeowners, and make recommendations" to bring about tax relief.

The tax force is comprised of 31 state senators, 55 state representatives and two members of the governor's staff.

At its initial meeting Aug. 12, the tax force elected Tracy as one of eight co-chairs -- four from the Senate, four from the House.

According to Tracy, the task force plans to submit an initial report within 90 days and will submit a final report by Dec. 31.

Tracy said she's looking forward to the challenge of trying to find ways to provide some tax relief for Illinois residents.

"Escalating property taxes affect all home and business owners throughout the state," she said. "We need to look closely at the system and see what can be done to improve it so it will work more equitably and be less burdensome for property owners."

According to investment site SmartAsset.com, Illinois has the second highest property taxes in the country, with an average effective rate nearly double the national average.