Public Act 097-0812
 
SB3607 EnrolledLRB097 18590 HLH 63822 b


  
    AN ACT concerning revenue.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  
 
 
    Section 5. The Property Tax Code is amended  by changing 
Section 16-55 as follows:
 



    (35 ILCS 200/16-55)



    Sec. 16-55. Complaints. On written complaint that any 
property is
overassessed or underassessed, the board shall 
review the assessment, and
correct it, as appears to be just, 
but in no case shall the property be
assessed at a higher 
percentage of fair cash value than other property in the

assessment district prior to equalization by the board or the 
Department. The board shall include compulsory sales in 
reviewing and correcting assessments, including, but not 
limited to, those compulsory sales submitted by the taxpayer, 
if the board determines that those sales reflect the same 
property characteristics and condition as those originally 
used to make the assessment.  The board shall also consider 
whether the compulsory sale would otherwise be considered an 
arm's length transaction. A
complaint to affect the assessment 
for the current year shall be filed on or
before the 10th day 
of August in counties with less than 150,000 inhabitants
and on 
or before the 10th day of September in counties with 150,000 or 
more but
less than 3,000,000 inhabitants, except if the 
assessment books containing the
assessment complained of are 
not filed with the board of review by the 10th day
of July in a 
county with fewer than 150,000 inhabitants or by the 10th day 
of
August in a county with 150,000 or more but less than 
3,000,000 inhabitants,
then the complaint shall be filed on or 
before 30 calendar days after the date
of publication of the 
assessment list under Section 12-10. The board may also,
at any 
time before its revision of the assessments is completed in 
every year,
increase, reduce or otherwise adjust the assessment 
of any property, making
changes in the valuation as may be 
just, and shall have full power over the
assessment of any 
person and may do anything in regard thereto that it may deem

necessary to make a just assessment, but the property shall not 
be assessed at
a higher percentage of fair cash value than the 
assessed valuation of other
property in the assessment district 
prior to equalization by the board or the
Department. No 
assessment shall be increased until the person to be affected

has been notified and given an opportunity to be heard, except 
as  provided
below. Before making any reduction in assessments 
of its own motion, the board
of review shall give notice to the 
assessor or chief county assessment officer
who certified the 
assessment, and give the assessor or chief county assessment

officer an opportunity to be heard thereon.  All complaints of 
errors in
assessments of property shall be in writing, and 
shall be filed by the
complaining party with the board of 
review, in duplicate. The duplicate shall
be filed by the board 
of review with the assessor or chief county assessment
officer 
who certified the assessment. In all cases where a change in 
assessed
valuation of $100,000 or more is sought, the board of 
review shall also serve a
copy of the petition on all taxing 
districts as shown on the last available tax
bill at least 14 
days prior to the hearing on the complaint.  All taxing

districts shall have an opportunity to be heard on the 
complaint. Complaints
shall be classified by townships or 
taxing districts by the clerk of the board
of review. All 
classes of complaints shall be docketed numerically, each in 
its
own class, in the order in which they are presented, in 
books kept for that
purpose, which books shall be open to 
public inspection.  Complaints shall be
considered by townships 
or taxing districts until all complaints have been
heard and 
passed upon by the board.

(Source: P.A. 96-1083, eff. 7-16-10.)

  
 
    Section 99. Effective date. This Act takes effect upon 
becoming law.