Board of Review Comm. George Cardenas, bottom left, testifies at a Committee on Housing and Real Estate meeting on Wednesday, Sept. 11, 2024. [Livestream]

The City Council’s housing committee on Wednesday held a hearing on a proposal to rein in property tax bills for homeowners that are seeing taxes increase beyond what they can pay.

Cook County Board of Review Comm. George Cardenas (D-1) presented his proposal for a property tax bill “circuit breaker” program that would link tax bills to a household’s ability to pay and provide state credits to cover the portion of taxes that exceed a certain threshold based on the household’s income.