It was great to have conversations with Brad Wike and his son Matt on Sports Radio 1450 at Peerless Cleaning & Restoration Services. It’s always great to visit a local family business that puts quality service first. Government needs to provide the same service to Illinois businesses, and it starts with lowering property taxes!
Rep. Coffey Speaks about the Importance of Manufacturing jobs in Illinois
We Must Create Policies That Embrace Business Growth in Illinois
“Businesses are fleeing Illinois due to high taxes, unnecessary regulations, and corruption. As a small businessman, I support policies that make Illinois a better place to start a business and grow a business. We must create long-term opportunities for economic growth that benefits businesses and workers.”
Property Taxes
According to a Wallet Hub study released in February 2024, Illinois has the second-highest property tax burden in the country. Illinois has a statewide 2.23% property tax rate burden when all 102 counties are combined.
The facts are clear, Illinoisans have one of the highest overall tax burdens – largely due to out-of-control property tax rates. Yet, as families struggle to make ends meet, the majority party has done nothing to address high property taxes. Instead, they focus on adding social programs to our General Revenue liabilities while failing to properly fund education and local governments as promised in the 1970 Illinois constitution.
Numerous proposals supported by Rep.Coffey would freeze, suspend, or outright reduce property taxes, various sales taxes, income taxes, and fuel taxes throughout this General Assembly. Democrats have refused to call these tax relief proposals for a vote, instead opting to raise nearly $1 billion in tax hikes in the new State Budget and to shift the burden of tax hikes onto local governments at the end of the Spring Session.
Included in the tax relief measures supported by Rep. Coffey are:
HB1274: Increases the Senior Citizens Homestead Exemption from $5,000 to $8,000
HB3538: No longer requires disabled veterans to submit an annual application for the homestead exemption.
HB4716: Limits any change in assessment resulting from reassessment in the general assessment year to the lesser of the following: 3% of the assessed value of the property or change in the Consumer Price Index during the 12-month calendar year.
HB4354: Caps the increase in a total homeowners year to year property tax bill to no more than 5% unless the home had substantial improvements.