Rep. Lou Lang

Filed: 1/9/2007

 

 


 

 


 
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1
AMENDMENT TO SENATE BILL 2300

2     AMENDMENT NO. ______. Amend Senate Bill 2300, AS AMENDED,
3 by replacing everything after the enacting clause with the
4 following:
 
5     "Section 5. The Property Tax Code is amended by changing
6 Sections 10-155, 12-55, 15-176, and 20-5 as follows:
 
7     (35 ILCS 200/10-155)
8     Sec. 10-155. Open space land; valuation. In all counties,
9 in addition to valuation as otherwise permitted by law, land
10 which is used for open space purposes and has been so used for
11 the 3 years immediately preceding the year in which the
12 assessment is made, upon application under Section 10-160,
13 shall be valued on the basis of its fair cash value, estimated
14 at the price it would bring at a fair, voluntary sale for use
15 by the buyer for open space purposes.
16     Land is considered used for open space purposes if it is
17 more than 10 acres in area and:
18         (a) is actually and exclusively used for maintaining or
19     enhancing natural or scenic resources,
20         (b) protects air or streams or water supplies,
21         (c) promotes conservation of soil, wetlands, beaches,
22     or marshes, including ground cover or planted perennial
23     grasses, trees and shrubs and other natural perennial
24     growth, and including any body of water, whether man-made

 

 

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1     or natural,
2         (d) conserves landscaped areas, such as public or
3     private golf courses,
4         (e) enhances the value to the public of abutting or
5     neighboring parks, forests, wildlife preserves, nature
6     reservations, sanctuaries, or other open spaces, or
7         (f) preserves historic sites.
8     Land is not considered used for open space purposes if it
9 is used primarily for residential purposes.
10     If the land is improved with a water-retention dam that is
11 operated primarily for commercial purposes, the
12 water-retention dam is not considered to be used for open space
13 purposes despite the fact that any resulting man-made lake may
14 be considered to be used for open space purposes under this
15 Section.
16 (Source: P.A. 88-455; 89-137, eff. 1-1-96.)
 
17     (35 ILCS 200/12-55)
18     Sec. 12-55. Notice requirement if assessment is increased;
19 counties of 3,000,000 or more.
20     (a) In counties with 3,000,000 or more inhabitants, a
21 revision by the county assessor, except where such revision is
22 made on complaint of the owner, shall not increase an
23 assessment without notice to the person to whom the most recent
24 tax bill was mailed and an opportunity to be heard before the
25 assessment is verified. When a notice is mailed by the county
26 assessor to the address of a mortgagee, the mortgagee, within 7
27 business days after the mortgagee receives the notice, shall
28 forward a copy of the notice to each mortgagor of the property
29 referred to in the notice at the last known address of each
30 mortgagor as shown on the records of the mortgagee. There shall
31 be no liability for the failure of the mortgagee to forward the
32 notice to each mortgagor. The assessor may provide for the
33 filing of complaints and make revisions at times other than

 

 

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1 those dates published under Section 14-35. When the county
2 assessor has completed the revision and correction and entered
3 the changes and revision in the assessment books, an affidavit
4 shall be attached to the assessment books in the form required
5 by law, signed by the county assessor.
6     (b) In counties with 3,000,000 or more inhabitants, for
7 parcels, other than parcels in the class that includes the
8 majority of the single-family residential parcels under a
9 county ordinance adopted in accordance with Section 4 of
10 Article IX of the Illinois Constitution, located in the
11 assessment district for which the current assessment year is a
12 general assessment year, within 30 days after sending the
13 required notices under this Section, the county assessor shall
14 file with the board of appeals (until the first Monday in
15 December 1998, and the board of review beginning the first
16 Monday in December 1998 and thereafter) a list of the parcels
17 for which the notices under this Section were sent, showing the
18 following information for each such parcel: the parcel index
19 number, the township in which the parcel is located, the class
20 for the current year, the previous year's final total assessed
21 value, the total assessed value proposed by the county
22 assessor, and the name of the person to whom the notice
23 required under this Section was sent. The list shall be
24 available for public inspection at the office of the board
25 during the regular office hours of the board. The list shall be
26 retained by the board for at least 10 years after the date it
27 is initially filed by the county assessor.
28     (c) The provisions of subsection (b) of this Section shall
29 be applicable beginning with the assessment for the 1997 tax
30 year.
31     (d) On and after the effective date of this amendatory Act
32 of the 94th General Assembly and so long as any portion of the
33 county is subject to the provisions of Section 15-176 instead
34 of Section 15-175, any notice under this Section or otherwise

 

 

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1 concerning whether an assessment will increase, decrease, or
2 stay the same must include, in at least 12-point type, the
3 following statement:
4         Beginning in 2003, the Cook County Board imposed a 7%
5     cap on annual increases in property tax assessments for
6     certain owner-occupied residences. This assessment cap
7     takes the form of an expanded homestead exemption. It is
8     designed to reduce the burden of large property tax
9     increases caused by rapid appreciation in home prices.
10         The assessment cap shifts the property tax burden. Some
11     homeowners pay less, but all other taxpayers pay more. This
12     is because a reduction in the assessed value of some
13     properties causes the tax rate to increase for all
14     properties in order for the taxing district to collect the
15     same total amount in taxes.
16         The taxpayers who pay more include owners of rental
17     housing, commercial property, industrial property, and
18     vacant land. The higher rate also causes some senior
19     citizen homeowners to pay more because, though technically
20     eligible for the 7% assessment cap, they already qualify
21     for the more advantageous "senior freeze" on assessments.
22     Similarly, homeowners whose property value appreciates
23     less than 7% annually will also pay more in taxes than if
24     the assessment cap were not in effect.
25         In general, the assessment cap shifts the tax burden
26     from fast-growing to slow-growing residential areas and
27     from homeowners to businesses. The magnitude of the shift
28     will depend on how rapidly home prices appreciate over
29     time.
30         Property tax bills for the second installment of taxes
31     for homestead property will indicate whether the property
32     taxes are more, less, or the same as a result of the
33     county's election to implement an assessment cap.
34 No other information related to the operation of the

 

 

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1 alternative general homestead exemption may be included with
2 any notice under this subsection (d).
3 (Source: P.A. 90-4, eff. 3-7-97; 91-751, eff. 6-2-00.)
 
4     (35 ILCS 200/15-176)
5     Sec. 15-176. Alternative general homestead exemption.
6     (a) For the assessment years as determined under subsection
7 (j), in any county that has elected, by an ordinance in
8 accordance with subsection (k), to be subject to the provisions
9 of this Section in lieu of the provisions of Section 15-175,
10 homestead property is entitled to an annual homestead exemption
11 equal to a reduction in the property's equalized assessed value
12 calculated as provided in this Section.
13     (b) As used in this Section:
14         (1) "Assessor" means the supervisor of assessments or
15     the chief county assessment officer of each county.
16         (2) "Adjusted homestead value" means the lesser of the
17     following values:
18             (A) The property's base homestead value increased
19         by 7% for each tax year after the base year through and
20         including the current tax year, or, if the property is
21         sold or ownership is otherwise transferred, the
22         property's base homestead value increased by 7% for
23         each tax year after the year of the sale or transfer
24         through and including the current tax year. The
25         increase by 7% each year is an increase by 7% over the
26         prior year.
27             (B) The property's equalized assessed value for
28         the current tax year minus (i) $4,500 in Cook County or
29         $3,500 in all other counties in tax year 2003 or (ii)
30         $5,000 in all counties in tax year 2004 and thereafter.
31         (3) "Base homestead value".
32             (A) Except as provided in subdivision (b)(3)(B),
33         "base homestead value" means the equalized assessed

 

 

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1         value of the property for the base year prior to
2         exemptions, minus (i) $4,500 in Cook County or $3,500
3         in all other counties in tax year 2003 or (ii) $5,000
4         in all counties in tax year 2004 and thereafter,
5         provided that it was assessed for that year as
6         residential property qualified for any of the
7         homestead exemptions under Sections 15-170 through
8         15-175 of this Code, then in force, and further
9         provided that the property's assessment was not based
10         on a reduced assessed value resulting from a temporary
11         irregularity in the property for that year. Except as
12         provided in subdivision (b)(3)(B), if the property did
13         not have a residential equalized assessed value for the
14         base year, then "base homestead value" means the base
15         homestead value established by the assessor under
16         subsection (c).
17             (B) If the property is sold or ownership is
18         otherwise transferred, other than sales or transfers
19         between spouses or between a parent and a child, "base
20         homestead value" means the equalized assessed value of
21         the property at the time of the sale or transfer prior
22         to exemptions, minus (i) $4,500 in Cook County or
23         $3,500 in all other counties in tax year 2003 or (ii)
24         $5,000 in all counties in tax year 2004 and thereafter,
25         provided that it was assessed as residential property
26         qualified for any of the homestead exemptions under
27         Sections 15-170 through 15-175 of this Code, then in
28         force, and further provided that the property's
29         assessment was not based on a reduced assessed value
30         resulting from a temporary irregularity in the
31         property.
32         (3.5) "Base year" means (i) tax year 2002 in Cook
33     County or (ii) tax year 2005 or 2006 2002 or 2003 in all
34     other counties in accordance with the designation made by

 

 

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1     the county as provided in subsection (k).
2         (4) "Current tax year" means the tax year for which the
3     exemption under this Section is being applied.
4         (5) "Equalized assessed value" means the property's
5     assessed value as equalized by the Department.
6         (6) "Homestead" or "homestead property" means:
7             (A) Residential property that as of January 1 of
8         the tax year is occupied by its owner or owners as his,
9         her, or their principal dwelling place, or that is a
10         leasehold interest on which a single family residence
11         is situated, that is occupied as a residence by a
12         person who has a legal or equitable interest therein
13         evidenced by a written instrument, as an owner or as a
14         lessee, and on which the person is liable for the
15         payment of property taxes. Residential units in an
16         apartment building owned and operated as a
17         cooperative, or as a life care facility, which are
18         occupied by persons who hold a legal or equitable
19         interest in the cooperative apartment building or life
20         care facility as owners or lessees, and who are liable
21         by contract for the payment of property taxes, shall be
22         included within this definition of homestead property.
23             (B) A homestead includes the dwelling place,
24         appurtenant structures, and so much of the surrounding
25         land constituting the parcel on which the dwelling
26         place is situated as is used for residential purposes.
27         If the assessor has established a specific legal
28         description for a portion of property constituting the
29         homestead, then the homestead shall be limited to the
30         property within that description.
31         (7) "Life care facility" means a facility as defined in
32     Section 2 of the Life Care Facilities Act.
33     (c) If the property did not have a residential equalized
34 assessed value for the base year as provided in subdivision

 

 

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1 (b)(3)(A) of this Section, then the assessor shall first
2 determine an initial value for the property by comparison with
3 assessed values for the base year of other properties having
4 physical and economic characteristics similar to those of the
5 subject property, so that the initial value is uniform in
6 relation to assessed values of those other properties for the
7 base year. The product of the initial value multiplied by the
8 equalized factor for the base year for homestead properties in
9 that county, less (i) $4,500 in Cook County or $3,500 in all
10 other counties in tax year 2003 or (ii) $5,000 in all counties
11 in tax year 2004 and thereafter, is the base homestead value.
12     For any tax year for which the assessor determines or
13 adjusts an initial value and hence a base homestead value under
14 this subsection (c), the initial value shall be subject to
15 review by the same procedures applicable to assessed values
16 established under this Code for that tax year.
17     (d) The base homestead value shall remain constant, except
18 that the assessor may revise it under the following
19 circumstances:
20         (1) If the equalized assessed value of a homestead
21     property for the current tax year is less than the previous
22     base homestead value for that property, then the current
23     equalized assessed value (provided it is not based on a
24     reduced assessed value resulting from a temporary
25     irregularity in the property) shall become the base
26     homestead value in subsequent tax years.
27         (2) For any year in which new buildings, structures, or
28     other improvements are constructed on the homestead
29     property that would increase its assessed value, the
30     assessor shall adjust the base homestead value as provided
31     in subsection (c) of this Section with due regard to the
32     value added by the new improvements.
33         (3) If the property is sold or ownership is otherwise
34     transferred, the base homestead value of the property shall

 

 

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1     be adjusted as provided in subdivision (b)(3)(B). This item
2     (3) does not apply to sales or transfers between spouses or
3     between a parent and a child.
4     (e) The amount of the exemption under this Section is the
5 equalized assessed value of the homestead property for the
6 current tax year, minus the adjusted homestead value, with the
7 following exceptions:
8         (1) The exemption under this Section shall not exceed
9     $20,000 for any taxable year.
10         (2) In the case of homestead property that also
11     qualifies for the exemption under Section 15-172, the
12     property is entitled to the exemption under this Section,
13     limited to the amount of (i) $4,500 in Cook County or
14     $3,500 in all other counties in tax year 2003 or (ii)
15     $5,000 in all counties in tax year 2004 and thereafter.
16     (e-5) For each assessment year in which the alternative
17 general homestead exemption under this Section applies to any
18 portion of the county, the county clerk must determine whether
19 the taxes for that year on each homestead property are more,
20 less, or the same as a result of the county having elected to
21 be subject to the provisions of this Section rather than the
22 general homestead exemption under Section 15-175. The assessor
23 must provide the county clerk with any assistance that the
24 clerk requires. The determination of whether the taxes for that
25 year are more, less, or the same must be made without regard to
26 any other factor. In making the determination, the actual taxes
27 on the property for that year shall be compared to what the
28 taxes would have been for that year had the county not elected
29 to be subject to the provisions of this Section. In calculating
30 what the taxes would have been for that year had the county not
31 elected to be subject to the provisions of this Section, the
32 county clerk shall use the equalized assessed value of the
33 property and the combined tax rate of all taxing districts,
34 both computed based on the assumption that the general

 

 

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1 homestead exemption under Section 15-175 was in effect
2 throughout the county when this Section applied to any portion
3 of the county.
4     The county clerk's determination of whether the taxes for
5 that year on each homestead property are more, less, or the
6 same as a result of the county having elected to be subject to
7 the provisions of this Section (rather than the general
8 homestead exemption under Section 15-175) must be provided to
9 the assessor and to the official in the county who is
10 responsible for preparing and mailing the property tax bills so
11 that the official and assessor can comply with subsections (b),
12 (c), and (d) of Section 20-5.
13     For the purpose of this subsection (e-5), "homestead
14 property" has the definition set forth under Section 15-175.
15     (f) In the case of an apartment building owned and operated
16 as a cooperative, or as a life care facility, that contains
17 residential units that qualify as homestead property under this
18 Section, the maximum cumulative exemption amount attributed to
19 the entire building or facility shall not exceed the sum of the
20 exemptions calculated for each qualified residential unit. The
21 cooperative association, management firm, or other person or
22 entity that manages or controls the cooperative apartment
23 building or life care facility shall credit the exemption
24 attributable to each residential unit only to the apportioned
25 tax liability of the owner or other person responsible for
26 payment of taxes as to that unit. Any person who willfully
27 refuses to so credit the exemption is guilty of a Class B
28 misdemeanor.
29     (g) When married persons maintain separate residences, the
30 exemption provided under this Section shall be claimed by only
31 one such person and for only one residence.
32     (h) In the event of a sale or other transfer in ownership
33 of the homestead property, the exemption under this Section
34 shall remain in effect for the remainder of the tax year in

 

 

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1 which the sale or transfer occurs, but (other than for sales or
2 transfers between spouses or between a parent and a child)
3 shall be calculated using the new base homestead value as
4 provided in subdivision (b)(3)(B). The assessor may require the
5 new owner of the property to apply for the exemption in the
6 following year.
7     (i) The assessor may determine whether property qualifies
8 as a homestead under this Section by application, visual
9 inspection, questionnaire, or other reasonable methods. Each
10 year, at the time the assessment books are certified to the
11 county clerk by the board of review, the assessor shall furnish
12 to the county clerk a list of the properties qualified for the
13 homestead exemption under this Section. The list shall note the
14 base homestead value of each property to be used in the
15 calculation of the exemption for the current tax year.
16     (j) In counties with 3,000,000 or more inhabitants, the
17 provisions of this Section apply as follows:
18         (1) If the general assessment year for the property is
19     2003, this Section applies for assessment years 2003, 2004,
20     and 2005. Thereafter, the provisions of Section 15-175
21     apply.
22         (2) If the general assessment year for the property is
23     2004, this Section applies for assessment years 2004, 2005,
24     and 2006. Thereafter, the provisions of Section 15-175
25     apply.
26         (3) If the general assessment year for the property is
27     2005, this Section applies for assessment years 2005, 2006,
28     and 2007. Thereafter, the provisions of Section 15-175
29     apply.
30         (4) If the general assessment year for the property is
31     2006 and only if the county elects, by ordinance, to extend
32     the application of this Section under subsection (k-5),
33     then this Section continues to apply for assessment years
34     2006, 2007, and 2008. Thereafter, the provisions of Section

 

 

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1     15-175 apply.
2         (5) If the general assessment year for the property is
3     2007 and only if the county elects, by ordinance, to extend
4     the application of this Section under subsection (k-5),
5     then this Section continues to apply for assessment years
6     2007, 2008, and 2009. Thereafter, the provisions of Section
7     15-175 apply.
8         (6) If the general assessment year for the property is
9     2008 and only if the county elects, by ordinance, to extend
10     the application of this Section under subsection (k-5),
11     then this Section continues to apply for assessment years
12     2008, 2009, and 2010. Thereafter, the provisions of Section
13     15-175 apply.
14     In counties with less than 3,000,000 inhabitants, this
15 Section applies for assessment years (i) 2006, 2007, and 2008
16 if tax year 2005 2003, 2004, and 2005 if 2002 is the designated
17 base year or (ii) 2007, 2008, and 2009 if tax year 2006 2004,
18 2005, and 2006 if 2003 is the designated base year. Thereafter,
19 the provisions of Section 15-175 apply.
20     (k) To be subject to the provisions of this Section in lieu
21 of Section 15-175, a county must adopt an ordinance to subject
22 itself to the provisions of this Section within (i) 6 months
23 after the effective date of this amendatory Act of the 93rd
24 General Assembly for Cook County, except as provided in
25 subsection (k-5), or (ii) within 6 months after the effective
26 date of this amendatory Act of the 94th General Assembly for
27 all other counties. In a county other than Cook County, the
28 ordinance must designate either tax year 2005 2002 or tax year
29 2006 2003 as the base year.
30     (k-5) Cook County may elect, by ordinance, to extend the
31 application of this Section for the assessment years set forth
32 under items (4), (5), and (6) of subsection (j). The ordinance
33 must be adopted within 6 months after the effective date of
34 this amendatory Act of the 94th General Assembly.

 

 

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1     (l) Notwithstanding Sections 6 and 8 of the State Mandates
2 Act, no reimbursement by the State is required for the
3 implementation of any mandate created by this Section.
4 (Source: P.A. 93-715, eff. 7-12-04.)
 
5     (35 ILCS 200/20-5)
6     Sec. 20-5. Mailing tax bill to owner.
7     (a) Every township collector, and every county collector in
8 cases where there is no township collector, upon receiving the
9 tax book or books, shall prepare tax bills showing each
10 installment of property taxes assessed, which shall be filled
11 out in accordance with Section 20-40. A copy of the bill shall
12 be mailed by the collector, at least 30 days prior to the date
13 upon which unpaid taxes become delinquent, to the owner of the
14 property taxed or to the person in whose name the property is
15 taxed.
16     (b) In each county in which the county clerk is required to
17 make the determinations under subsection (e-5) of Section
18 15-176, the second installment property tax bill for each
19 homestead property must include, on the bill, a notification to
20 the taxpayer as to whether the taxes on the property are more,
21 less, or the same, as determined by the county clerk, as a
22 result of the county's election to be subject to the
23 alternative general homestead exemption under Section 15-176
24 rather than the general homestead exemption under Section
25 15-175. The notification must be based solely on the
26 determinations made by the county clerk under subsection (e-5)
27 of Section 15-176. If the tax bill is a 2-sided document, then
28 the notice must appear on the same side of the document that
29 shows the amount of taxes to be paid. The notification must be
30 clearly visible, must be in at least 10-point type, and must be
31 in the following form:
32         "The taxes on this property are (more/less/the same) as
33     a result of the county's election to be subject to the

 

 

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1     alternative general homestead exemption under Section
2     15-176 of the Property Tax Code, sometimes known as the "7%
3     solution" or "assessment cap"."
4 In the notice, the term "(more/less/the same)" must be replaced
5 with one, and only one, of the following: "more"; "less"; or
6 "the same", which must be printed in bold-face type and
7 underscored.
8     (c) On and after the effective date of this amendatory Act
9 of the 94th General Assembly and so long as any portion of the
10 county is subject to the provisions of Section 15-176 instead
11 of Section 15-175, the following statement, in at least
12 12-point type, must be included with each second installment
13 property tax bill in Cook County:
14         Beginning in 2003, the Cook County Board imposed a 7%
15     cap on annual increases in property tax assessments for
16     certain owner-occupied residences. This assessment cap
17     takes the form of an expanded homestead exemption. It is
18     designed to reduce the burden of large property tax
19     increases caused by rapid appreciation in home prices.
20         The assessment cap shifts the property tax burden. Some
21     homeowners pay less, but all other taxpayers pay more. This
22     is because a reduction in the assessed value of some
23     properties causes the tax rate to increase for all
24     properties in order for the taxing district to collect the
25     same total amount in taxes.
26         The taxpayers who pay more include owners of rental
27     housing, commercial property, industrial property, and
28     vacant land. The higher rate also causes some senior
29     citizen homeowners to pay more because, though technically
30     eligible for the 7% assessment cap, they already qualify
31     for the more advantageous "senior freeze" on assessments.
32     Similarly, homeowners whose property value appreciates
33     less than 7% annually will also pay more in taxes than if
34     the assessment cap were not in effect.

 

 

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1         In general, the assessment cap shifts the tax burden
2     from fast-growing to slow-growing residential areas and
3     from homeowners to businesses. The magnitude of the shift
4     will depend on how rapidly home prices appreciate over
5     time.
6         Property tax bills for the second installment of taxes
7     for homestead property will indicate whether the property
8     taxes are more, less, or the same as a result of the
9     county's election to implement an assessment cap.
10     (d) In each county in which the county clerk is required to
11 make the determinations under subsection (e-5) of Section
12 15-176, as soon as practical after the second installment
13 property tax bills are mailed, but no more than 30 days, the
14 assessor must mail a copy of the following notification, in at
15 least 12-point type, to the "owner-occupant" at the physical
16 address of each homestead property in the county, together with
17 sufficient information to identify the property in question:
18         Beginning in 2003, the Cook County Board imposed a 7%
19     cap on annual increases in property tax assessments for
20     certain owner-occupied residences. This assessment cap
21     takes the form of an expanded homestead exemption. It is
22     designed to reduce the burden of large property tax
23     increases caused by rapid appreciation in home prices.
24         The assessment cap shifts the property tax burden. Some
25     homeowners pay less, but all other taxpayers pay more. This
26     is because a reduction in the assessed value of some
27     properties causes the tax rate to increase for all
28     properties in order for the taxing district to collect the
29     same total amount in taxes.
30         The taxpayers who pay more include owners of rental
31     housing, commercial property, industrial property, and
32     vacant land. The higher rate also causes some senior
33     citizen homeowners to pay more because, though technically
34     eligible for the 7% assessment cap, they already qualify

 

 

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1     for the more advantageous "senior freeze" on assessments.
2     Similarly, homeowners whose property value appreciates
3     less than 7% annually will also pay more in taxes than if
4     the assessment cap were not in effect.
5         In general, the assessment cap shifts the tax burden
6     from fast-growing to slow-growing residential areas and
7     from homeowners to businesses. The magnitude of the shift
8     will depend on how rapidly home prices appreciate over
9     time.
10         The taxes on this property are (more/less/the same) as
11     a result of the county's election to be subject to the
12     alternative general homestead exemption under Section
13     15-176 of the Property Tax Code, sometimes known as the "7%
14     solution" or "assessment cap".
15 The last paragraph of the notice required under this subsection
16 (d) must be printed in bold-face type.
17     In the last paragraph of the notice, the term
18 "(more/less/the same)" must be replaced with one, and only one,
19 of the following: "more"; "less"; or "the same", which must be
20 printed in bold-face type and underscored. The notification as
21 to whether the taxes on the property are more, less, or the
22 same, as determined by the county clerk, as a result of the
23 county's election to be subject to the alternative general
24 homestead exemption under Section 15-176 rather than the
25 general homestead exemption under Section 15-175 must be based
26 solely on the determinations made by the county clerk under
27 subsection (e-5) of Section 15-176.
28     The mailing may not include any information concerning the
29 alternative general homestead exemption other than the
30 information that is required under this subsection (d).
31     (e) No tax bill may contain or include any information
32 concerning the alternative general homestead exemption other
33 than the information that is required under subsections (b) and
34 (c) of this Section.

 

 

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1     For the purpose of this Section, "homestead property" has
2 the definition set forth under Section 15-175.
3 (Source: P.A. 86-957; 87-818; 88-455.)
 
4     Section 90. The State Mandates Act is amended by adding
5 Section 8.30 as follows:
 
6     (30 ILCS 805/8.30 new)
7     Sec. 8.30. Exempt mandate. Notwithstanding Sections 6 and 8
8 of this Act, no reimbursement by the State is required for the
9 implementation of any mandate created by this amendatory Act of
10 the 94th General Assembly.
 
11     Section 99. Effective date. This Act takes effect upon
12 becoming law.".