93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB7005


 
Introduced 02/09/04, by Jay C. Hoffman
 
SYNOPSIS AS INTRODUCED:
 		














35 ILCS 200/18-80









    Amends the Property Tax Code. Sets forth language that must be included on a notice of proposed property tax increases, which describes the difference in the equalized assessed value and in the total tax rate between the preceding and current year. Effective immediately.
















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A BILL FOR









 











HB7005

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    AN ACT concerning taxation.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Property Tax Code is amended  by changing 
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Section 18-80 as follows:
 



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    (35 ILCS 200/18-80)



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    Sec. 18-80. Time and form of notice. The notice shall 
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appear not more than
14 days nor less than 7 days prior to the 
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date of the public hearing.  The
notice shall be no less than 
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1/8 page in size, and the smallest type used shall
be 12 point 
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and shall be enclosed in a black border no less than 1/4 inch 
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wide.
The notice shall not be placed in that portion of the 
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newspaper where legal
notices and classified advertisements 
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appear. The notice shall be published in
substantially the 
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following form:

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    Notice of Proposed Property Tax Increase for ... (commonly 
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known name of
taxing district).

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    I. A public hearing to approve a proposed property tax levy 
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increase for
... (legal name of the taxing district)... for ... 
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(year) ... will be held
on ... (date) ... at ... (time) ... at 
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... (location).

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    Any person desiring to appear at the public hearing and 
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present testimony
to the taxing district may contact ... (name, 
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title, address and telephone
number of an appropriate 
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official).

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    II. The corporate and special purpose property taxes 
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extended or abated
for ... (preceding year) ... were ... 
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(dollar amount of the final aggregate
levy as extended, plus 
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the amount abated by the taxing district prior to
extension).

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    The proposed corporate and special purpose property taxes 
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to be levied
for ... (current year) ... are ... (dollar amount 
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of the proposed aggregate
levy).   This represents a ... 
 


 






HB7005
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(percentage) ... increase over the previous
year.

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    III. The property taxes extended for debt service and 
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public building
commission leases for ... (preceding year) ... 
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were ... (dollar amount).

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    The estimated property taxes to be levied for debt service 
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and public
building commission leases for ... (current year) 
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... are ... (dollar
amount).  This represents a ... (percentage 
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increase or decrease) ... over
the previous year.

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    IV. The total property taxes extended or abated for ... 
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(preceding year)
... were ... (dollar amount).

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    The estimated total property taxes to be levied for ... 
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(current year)
... are ... (dollar amount).  This represents a 
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... (percentage increase or
decrease) ... over the previous 
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year.
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    V. The certified and equalized assessed value of the 
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District for ... (preceding year) ... was ... (dollar amount). 
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The estimated equalized assessed value of the District for ... 
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(current year) ... is projected to be ... (dollar amount). This 
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represents a ... (percentage increase or decrease) ... over the 
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previous year.

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    VI. The District's total tax rate for ... (preceding year) 
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... was ...(tax rate/dollar amount). The District's projected 
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tax rate for ... (current year) ... is ... (tax rate/dollar 
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amount). This represents a ... (percentage increase or 
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decrease) ... over the preceding year.

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    Any notice which includes any information not specified and 
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required by this
Article shall be an invalid notice.

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    All hearings shall be open to the public.  The corporate 
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authority of the
taxing district shall explain the reasons for 
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the proposed increase and
shall permit persons desiring to be 
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heard an opportunity to present testimony
within reasonable 
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time limits as it determines.

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(Source: P.A. 92-382, eff. 8-16-01.)

 

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