Moylan Backs Measure Freezing Property Taxes
04/21/2016“Hardworking families in my district are being buried by skyrocketing property taxes, and it’s critical that we provide relief,” Moylan said. “These higher taxes make it tougher for parents to save for their children’s education and burdens seniors already struggling with the rising cost of food and medicine.”
Moylan co-sponsored House Bill 695 which received bipartisan support, but failed to receive the required votes for passage. Under the legislation, local governments would have to receive voter approval through referendum in order to raise the property tax levy. Under current law, many local governments can automatically raise property taxes up to five percent each year. The proposal is a key component of Governor Rauner’s Turnaround Agenda. Illinois has the second highest property tax burden in the country and tax rates increased 18 percent from 2010 to 2012. These rates came at a time when many homes values declined.
In addition to his legislative efforts, Moylan is holding two upcoming property tax appeal seminars in Elk Grove Township and Maine Township. The Elk Grove Township seminar will be held on Monday, May 16 from 7 p.m. to 8 p.m. at the Elk Grove Township building, located at 2400 S. Arlington Heights Rd. in Arlington Heights. The Maine Township seminar will be held on Monday, June 6 from 7 p.m. to 8 p.m. at the Park Ridge Library, located at 20 S. Prospect Ave. in Park Ridge.
Residents should bring their property tax bill, paperwork from any appraisal performed in the past 18 months, and a closing statement if the home was purchased within the last year.
“The measure I supported is identical to Governor Rauner’s proposal and I agree with him that we have to put more money back in the pockets of middle-class homeowners,” Moylan said. “I am frustrated my fellow legislators refuse to do what’s right for the families of Illinois. I will continue working with my colleagues on both sides of the aisle to freeze property taxes.”