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posted: 4/12/2013 6:00 PM

Plan to curb rising property taxes fails

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  • Jack Franks

      Jack Franks

 
 

SPRINGFIELD -- A plan to keep local taxes from going up when property values go down failed to win favor from Illinois lawmakers Friday.

A proposal from state Rep. Jack Franks would have prohibited local governments like school districts from collecting more property taxes in a year when overall property values in the area have sunk.

The Marengo Democrat argued it's only fair for the government to work with less money when local residents are seeing their houses lose value.

The Illinois House rejected his plan, though, by a 43-65 vote.

The proposal was strongly opposed by local government groups like the Illinois Municipal League.

And lawmakers raised concerns that local governments' costs go up via increasing salary and pension costs no matter what's going on with the economy, so limiting their ability to raise taxes could cause difficulties or deficits.

Franks' plan wouldn't have lowered how much a government could collect via property taxes. But if home values were down, taxes couldn't go up.

"They simply wouldn't automatically get increases when property values decline," he said.

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