093_HB3911
LRB093 13381 SJM 18681 b
1 AN ACT concerning taxes.
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 9-180 as follows:
6 (35 ILCS 200/9-180)
7 Sec. 9-180. Pro-rata valuations; improvements or removal
8 of improvements. The owner of property on January 1 also
9 shall be liable, on a proportionate basis, for the increased
10 taxes occasioned by the construction of new or added
11 buildings, structures or other improvements on the property
12 from the date when the occupancy permit was issued or from
13 the date the new or added improvement was inhabitable and fit
14 for occupancy or for intended customary use to December 31 of
15 that year. The owner of the improved property shall notify
16 the assessor, within 30 days of the issuance of an occupancy
17 permit or within 30 days of completion of the improvements,
18 on a form prescribed by that official, and request that the
19 property be reassessed. The notice shall be sent by
20 certified mail, return receipt requested and shall include
21 the legal description of the property.
22 If, upon making his or her assessment in any year, the
23 assessor determines that land that is assessed without
24 improvement is in the process of being improved and the
25 assessor determines that the improvement will be inhabitable
26 and fit for occupancy on or before December 31 of that year,
27 he or she may estimate the assessed value of the property for
28 that year including a pro-rata increase in the assessed value
29 of the property as a result of the improvements to the
30 property. The property owner who disputes the estimated
31 assessed value of the property may appeal the assessment as
-2- LRB093 13381 SJM 18681 b
1 otherwise provided in this Code.
2 When, during the previous calendar year, any buildings,
3 structures or other improvements on the property were
4 destroyed and rendered uninhabitable or otherwise unfit for
5 occupancy or for customary use by accidental means (excluding
6 destruction resulting from the willful misconduct of the
7 owner of such property), the owner of the property on January
8 1 shall be entitled, on a proportionate basis, to a
9 diminution of assessed valuation for such period during which
10 the improvements were uninhabitable or unfit for occupancy or
11 for customary use. The owner of property entitled to a
12 diminution of assessed valuation shall, on a form prescribed
13 by the assessor, within 90 days after the destruction of any
14 improvements or, in counties with less than 3,000,000
15 inhabitants within 90 days after the township or
16 multi-township assessor has mailed the application form as
17 required by Section 9-190, file with the assessor for the
18 decrease of assessed valuation. Upon failure so to do within
19 the 90 day period, no diminution of assessed valuation shall
20 be attributable to the property.
21 Computations under this Section shall be on the basis of
22 a year of 365 days.
23 (Source: P.A. 91-486, eff. 1-1-00.)
24 Section 99. Effective date. This Act takes effect upon
25 becoming law.