PROP TX-ASSESS-RESIDENCES House SponsorsRep. Jack D. Franks-Sidney H. Mathias 1/9/2007HouseSession Sine Die 35 ILCS 200/10-17 new Amends the Property Tax Code. Provides that the assessed value of homestead property may not be increased, except for improvements made to the property, over the value of that property in the preceding assessment year by an amount that exceeds the lesser of 3% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the current assessment year. Effective immediately. 1/12/2006HouseFiled with the Clerk by Rep. Jack D. Franks 1/12/2006HouseFirst Reading 1/12/2006HouseReferred to Rules Committee 1/24/2006HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias 1/9/2007HouseSession Sine Die