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| 1 | AN ACT concerning revenue. | |||||||||||||||||||
| 2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
| 3 | represented in the General Assembly: | |||||||||||||||||||
| 4 | Section 5. The Property Tax Code is amended by changing | |||||||||||||||||||
| 5 | Section 20-15 as follows: | |||||||||||||||||||
| 6 | (35 ILCS 200/20-15) | |||||||||||||||||||
| 7 | Sec. 20-15. Information on bill or separate statement. | |||||||||||||||||||
| 8 | There shall be printed on each bill, or on a separate slip | |||||||||||||||||||
| 9 | which shall be mailed with the bill: | |||||||||||||||||||
| 10 | (a) a statement itemizing the rate at which taxes have | |||||||||||||||||||
| 11 | been extended for each of the taxing districts in the | |||||||||||||||||||
| 12 | county in whose district the property is located, and in | |||||||||||||||||||
| 13 | those counties utilizing electronic data processing | |||||||||||||||||||
| 14 | equipment the dollar amount of tax due from the person | |||||||||||||||||||
| 15 | assessed allocable to each of those taxing districts, | |||||||||||||||||||
| 16 | including a separate statement of the dollar amount of tax | |||||||||||||||||||
| 17 | due which is allocable to a tax levied under the Illinois | |||||||||||||||||||
| 18 | Local Library Act or to any other tax levied by a | |||||||||||||||||||
| 19 | municipality or township for public library purposes, | |||||||||||||||||||
| 20 | (b) a separate statement for each of the taxing | |||||||||||||||||||
| 21 | districts of the dollar amount of tax due which is | |||||||||||||||||||
| 22 | allocable to a tax levied under the Illinois Pension Code | |||||||||||||||||||
| 23 | or to any other tax levied by a municipality or township | |||||||||||||||||||
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| 1 | for public pension or retirement purposes, | ||||||
| 2 | (b-1) the dollar amount of tax due that is used to fund | ||||||
| 3 | a Veterans Assistance Commission under Section 5-2006 of | ||||||
| 4 | the Counties Code, | ||||||
| 5 | (b-5) a list of each tax increment financing (TIF) | ||||||
| 6 | district in which the property is located, the dollar | ||||||
| 7 | amount of tax due that is allocable to the TIF district, | ||||||
| 8 | and each redevelopment project that (i) is associated with | ||||||
| 9 | the TIF district and (ii) has been completed during or | ||||||
| 10 | before the taxable year for which the bill is prepared or | ||||||
| 11 | is in the process of being completed during that taxable | ||||||
| 12 | year, | ||||||
| 13 | (c) the total tax rate, | ||||||
| 14 | (d) the total amount of tax due, and | ||||||
| 15 | (e) the amount by which the total tax and the tax | ||||||
| 16 | allocable to each taxing district differs from the | ||||||
| 17 | taxpayer's last prior tax bill. | ||||||
| 18 | The county treasurer shall ensure that only those taxing | ||||||
| 19 | districts in which a parcel of property is located shall be | ||||||
| 20 | listed on the bill for that property. | ||||||
| 21 | In all counties the statement shall also provide: | ||||||
| 22 | (1) the property index number or other suitable | ||||||
| 23 | description, | ||||||
| 24 | (2) the assessment of the property, | ||||||
| 25 | (3) the statutory amount of each homestead exemption | ||||||
| 26 | applied to the property, | ||||||
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| 1 | (4) the assessed value of the property after | ||||||
| 2 | application of all homestead exemptions, | ||||||
| 3 | (5) the equalization factors imposed by the county and | ||||||
| 4 | by the Department, and | ||||||
| 5 | (6) the equalized assessment resulting from the | ||||||
| 6 | application of the equalization factors to the basic | ||||||
| 7 | assessment. | ||||||
| 8 | In all counties which do not classify property for | ||||||
| 9 | purposes of taxation, for property on which a single family | ||||||
| 10 | residence is situated the statement shall also include a | ||||||
| 11 | statement to reflect the fair cash value determined for the | ||||||
| 12 | property. In all counties which classify property for purposes | ||||||
| 13 | of taxation in accordance with Section 4 of Article IX of the | ||||||
| 14 | Illinois Constitution, for parcels of residential property in | ||||||
| 15 | the lowest assessment classification the statement shall also | ||||||
| 16 | include a statement to reflect the fair cash value determined | ||||||
| 17 | for the property. | ||||||
| 18 | In all counties, the statement must include information | ||||||
| 19 | that certain taxpayers may be eligible for tax exemptions, | ||||||
| 20 | abatements, and other assistance programs and that, for more | ||||||
| 21 | information, taxpayers should consult with the office of their | ||||||
| 22 | township or county assessor and with the Department of | ||||||
| 23 | Revenue. For bills mailed on or after January 1, 2026, the | ||||||
| 24 | statement must include, in bold face type, a list of | ||||||
| 25 | exemptions available to taxpayers and contact information for | ||||||
| 26 | the chief county assessment officer. | ||||||
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| 1 | In counties which use the estimated or accelerated billing | ||||||
| 2 | methods, these statements shall only be provided with the | ||||||
| 3 | final installment of taxes due. The provisions of this Section | ||||||
| 4 | create a mandatory statutory duty. They are not merely | ||||||
| 5 | directory or discretionary. The failure or neglect of the | ||||||
| 6 | collector to mail the bill, or the failure of the taxpayer to | ||||||
| 7 | receive the bill, shall not affect the validity of any tax, or | ||||||
| 8 | the liability for the payment of any tax. | ||||||
| 9 | (Source: P.A. 103-592, eff. 1-1-25; 104-6, eff. 6-16-25.) | ||||||