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| | HR0527 | | LRB100 13315 MST 27857 r |
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1 | | HOUSE RESOLUTION
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2 | | WHEREAS, Because an investigation into assessment |
3 | | procedures may uncover ways to improve property tax assessment |
4 | | practices across the State; therefore, be it
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5 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE |
6 | | HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that the |
7 | | House Revenue & Finance Committee shall: |
8 | | (1) conduct a comprehensive review of state laws |
9 | | relating to
assessment of real property including the |
10 | | appeal of
assessments at the local and State level; |
11 | | (2) conduct a comprehensive review of statewide |
12 | | assessment
systems and their impact on equity; |
13 | | (3) identify opportunities to consolidate, streamline,
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14 | | eliminate, or create new assessment jurisdictions; |
15 | | (4) review current exemptions
available, the impact of |
16 | | these exemptions, and the
administration or application of |
17 | | these exemptions; |
18 | | (5) review the impact of TIFs on assessed values and |
19 | | local
property taxes; |