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| 1 | AN ACT concerning revenue.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Property Tax Code is amended by changing | ||||||
| 5 | Section 9-85 as follows:
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| 6 | (35 ILCS 200/9-85)
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| 7 | Sec. 9-85. Revision of assessments by county assessor and | ||||||
| 8 | board of
review;
Counties of 3,000,000
or more. | ||||||
| 9 | (a) In counties with 3,000,000 or more inhabitants, the | ||||||
| 10 | county assessor
shall have authority annually to revise the | ||||||
| 11 | assessment books and correct them
as appears to be just; and on | ||||||
| 12 | complaint in writing in proper form by any
taxpayer, and after | ||||||
| 13 | affording the taxpayer an opportunity to be heard thereon,
he | ||||||
| 14 | or she shall do so at any time, until the assessment is | ||||||
| 15 | verified. An entry
upon the assessment books does not | ||||||
| 16 | constitute an assessment until the
assessment is verified. When | ||||||
| 17 | a notice is to be mailed under Section 12-55 and
the address | ||||||
| 18 | that appears on the assessor's records is the address of a | ||||||
| 19 | mortgage
lender or the trustee, where title to the property is | ||||||
| 20 | held in a land trust, or
in any event whenever the notice is | ||||||
| 21 | mailed by the assessor to a taxpayer at or
in care of the | ||||||
| 22 | address of a mortgage lender or a trustee where the title to | ||||||
| 23 | the
property is held in a land trust, the mortgage lender or | ||||||
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| 1 | the trustee within 15
days of the mortgage lender's or the | ||||||
| 2 | trustee's receipt of such notice shall
mail a copy of the | ||||||
| 3 | notice to each mortgagor of the property referred to in the
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| 4 | notice at the last known address of each mortgagor as shown on | ||||||
| 5 | the records of
the mortgage lender, or to each beneficiary as | ||||||
| 6 | shown on the records of the
trustee.
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| 7 | (b) On or before October 1, 2008, the county assessor shall | ||||||
| 8 | reassess all residential property in the county for which 2008 | ||||||
| 9 | is not the general assessment year. For the purposes of this | ||||||
| 10 | subsection, "residential property" means a single-family home, | ||||||
| 11 | a condominium, a cooperative, an apartment, or a mixed-use | ||||||
| 12 | building of 6 or fewer units. | ||||||
| 13 | (c) All changes and alterations pursuant to Section 16-95 | ||||||
| 14 | or Section 16-120 in
the assessment
of
property shall be | ||||||
| 15 | subject
to
revision and entry into the assessment books by the | ||||||
| 16 | board of appeals (until
the first Monday in December 1998 and | ||||||
| 17 | the board of review beginning the
first Monday in December 1998 | ||||||
| 18 | and thereafter) in the same manner
as the original assessments.
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| 19 | (Source: P.A. 88-455; 89-126, eff. 7-11-95; 89-671, eff. | ||||||
| 20 | 8-14-96.)
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| 21 | Section 90. The State Mandates Act is amended by adding | ||||||
| 22 | Section 8.32 as follows: | ||||||
| 23 | (30 ILCS 805/8.32 new) | ||||||
| 24 | Sec. 8.32. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
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| 1 | of this Act, no reimbursement by the State is required for the | ||||||
| 2 | implementation of any mandate created by this amendatory Act of | ||||||
| 3 | the 95th General Assembly.
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| 4 | Section 99. Effective date. This Act takes effect upon | ||||||
| 5 | becoming law.
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