Rebuilding after a natural disaster could be more affordable, under a bill inspired by the tornado which hit Southern Illinois on Feb. 29. The problem, says the sponsor, State Rep. Brandon Phelps (D-Harrisburg), is that while victims may be able to replace their homes, the property taxes would become unaffordable.
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“When these people who had their homes devastated went to the assessor’s office to find out, if they rebuild, how much their property taxes were going to be, some were going to go up 1,200 percent,” said Phelps. The bill would freeze property taxes of homes destroyed in natural disasters to the most recent year, to change only upon sale of the property. H.B. 4242 passed the House Revenue and Finance Committee Wednesday.