093_HB3080enr

 
HB3080 Enrolled                      LRB093 05910 SJM 06007 b

 1        AN ACT concerning assessor's compensation.

 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 4-20 as follows:

 6        (35 ILCS 200/4-20)
 7        Sec. 4-20.  Additional compensation based on performance.
 8    Any assessor in counties with less than  3,000,000  but  more
 9    than 50,000 inhabitants each year may petition the Department
10    to  receive additional compensation based on performance.  To
11    receive additional compensation,  the  official's  assessment
12    jurisdiction must meet the following criteria:
13             (1)  the  median level of assessment must be no more
14        than 35 1/3% and no less than 31 1/3% of fair cash  value
15        of property in his or her assessment jurisdiction; and
16             (2)  the  coefficient  of  dispersion  must  not  be
17        greater than 15%.
18    For  purposes  of  this  Section, "coefficient of dispersion"
19    means the average  deviation  of  all  assessments  from  the
20    median  level.  For  purposes  of this Section, the number of
21    inhabitants  shall  be  determined  by  the  latest   federal
22    decennial  or  special  census  of the county.  When the most
23    recent census  shows  an  increase  in  inhabitants  to  over
24    50,000,   then  the  assessment  year  used  to  compute  the
25    coefficient of dispersion and median levels of assessment  is
26    the   year   that  determines  qualification  for  additional
27    compensation.  The  Department  will  promulgate  rules   and
28    regulations  to  determine  whether  an  assessor meets these
29    criteria.
30        Any assessor in a county of less than 50,000  inhabitants
31    may  petition  the  Department  for  consideration to receive
 
HB3080 Enrolled             -2-      LRB093 05910 SJM 06007 b
 1    additional compensation each year based  on  performance.  In
 2    order to receive the additional compensation, the assessments
 3    in  the  official's  assessment  jurisdiction  must  meet the
 4    following criteria: (i) the median level of assessments  must
 5    be no more than 35 1/3% and no less than 31 1/3% of fair cash
 6    value  of property in his or her assessment jurisdiction; and
 7    (ii) the coefficient of dispersion must not be  greater  than
 8    40%  in  1994,  38% in 1995, 36% in 1996, 34% in 1997, 32% in
 9    1998, and 30% in 1999 and every year thereafter.
10        Real estate transfer declarations used by the  Department
11    in  annual  sales-assessment  ratio  studies  will be used to
12    evaluate  applications  for  additional   compensation.   The
13    Department  will  audit  other  property  to determine if the
14    sales-assessment ratio study data is  representative  of  the
15    assessment  jurisdiction.   If  the  ratio study is found not
16    representative,  appraisals  and  other  information  may  be
17    utilized.   If  the  ratio  study  is  representative,   upon
18    certification  by  the Department, the assessor shall receive
19    additional compensation of $3,000 for that year, to  be  paid
20    out of funds appropriated to the Department.
21        As used in this Section, "assessor" means any township or
22    multi-township assessor, or supervisor of assessments.
23    (Source:  P.A.  88-455;  incorporates  88-221;  88-670,  eff.
24    12-2-94.)