Tagged: property tax

Legislation designed to reduce property tax bills for Illinois seniors is now law.

The bill raises the homestead exemption for Illinois residents age 65 and older from $4,000 to $5,000. Gov. Pat Quinn signed it into law Tuesday. The move could save seniors roughly $200 a year.

The City of Earlington is temporarily laying off three of its Street Department workers effective Dec. 21 with another three possible in the coming weeks.  The Madisonville Messenger reports the causes are a projected decrease in tax revenue and a delay in receiving coal severance funds. Earlington Mayor Mike Seiber says he made the decision to save the city $30,000 in order to offset the $40,000 decrease in projected property tax income. The city anticipates calling all of the laid-off workers back in six to eight weeks.

Property taxes owed for 2010 are delinquent on more than 1,400 pieces of Henry County property. The Post-Intelligencer reports Clerk and Master Mary Burns says that number is four times higher than previous years. Burns is requesting an additional $14,000 to pay postage for summons notices for delinquent property owners.