(35 ILCS 200/11-145)
Sec. 11-145.
Method of valuation for qualifying water treatment
facilities. To determine 33 1/3% of the fair cash value of any qualifying
water treatment facility in assessing the facility, the Department shall take
into consideration the probable net value that could be realized by the owner
if the facility were removed and sold at a fair, voluntary sale, giving due
account to the expense of removal, site restoration, and transportation. The
net value shall be considered to be 33 1/3% of fair cash value.
(Source: P.A. 92-278, eff. 1-1-02.)
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