97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB3607

 

Introduced 2/10/2012, by Sen. Pamela J. Althoff

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/16-55

    Amends the Property Tax Code. Provides that complaints affecting the assessment of property shall be filed on or before 30 calendar days after the date of publication of the assessment list (now, those complaints must be filed on or before the 10th day of August in counties with less than 150,000 inhabitants and on or before the 10th day of September in counties with 150,000 or more but less than 3,000,000 inhabitants). Effective immediately.


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

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1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 16-55 as follows:
 
6    (35 ILCS 200/16-55)
7    Sec. 16-55. Complaints. On written complaint that any
8property is overassessed or underassessed, the board shall
9review the assessment, and correct it, as appears to be just,
10but in no case shall the property be assessed at a higher
11percentage of fair cash value than other property in the
12assessment district prior to equalization by the board or the
13Department. The board shall include compulsory sales in
14reviewing and correcting assessments, including, but not
15limited to, those compulsory sales submitted by the taxpayer,
16if the board determines that those sales reflect the same
17property characteristics and condition as those originally
18used to make the assessment. The board shall also consider
19whether the compulsory sale would otherwise be considered an
20arm's length transaction. A complaint to affect the assessment
21for the current year shall be filed on or before the 10th day
22of August in counties with less than 150,000 inhabitants and on
23or before the 10th day of September in counties with 150,000 or

 

 

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1more but less than 3,000,000 inhabitants, except if the
2assessment books containing the assessment complained of are
3not filed with the board of review by the 10th day of July in a
4county with fewer than 150,000 inhabitants or by the 10th day
5of August in a county with 150,000 or more but less than
63,000,000 inhabitants, then the complaint shall be filed on or
7before 30 calendar days after the date of publication of the
8assessment list under Section 12-10. The board may also, at any
9time before its revision of the assessments is completed in
10every year, increase, reduce or otherwise adjust the assessment
11of any property, making changes in the valuation as may be
12just, and shall have full power over the assessment of any
13person and may do anything in regard thereto that it may deem
14necessary to make a just assessment, but the property shall not
15be assessed at a higher percentage of fair cash value than the
16assessed valuation of other property in the assessment district
17prior to equalization by the board or the Department. No
18assessment shall be increased until the person to be affected
19has been notified and given an opportunity to be heard, except
20as provided below. Before making any reduction in assessments
21of its own motion, the board of review shall give notice to the
22assessor or chief county assessment officer who certified the
23assessment, and give the assessor or chief county assessment
24officer an opportunity to be heard thereon. All complaints of
25errors in assessments of property shall be in writing, and
26shall be filed by the complaining party with the board of

 

 

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1review, in duplicate. The duplicate shall be filed by the board
2of review with the assessor or chief county assessment officer
3who certified the assessment. In all cases where a change in
4assessed valuation of $100,000 or more is sought, the board of
5review shall also serve a copy of the petition on all taxing
6districts as shown on the last available tax bill at least 14
7days prior to the hearing on the complaint. All taxing
8districts shall have an opportunity to be heard on the
9complaint. Complaints shall be classified by townships or
10taxing districts by the clerk of the board of review. All
11classes of complaints shall be docketed numerically, each in
12its own class, in the order in which they are presented, in
13books kept for that purpose, which books shall be open to
14public inspection. Complaints shall be considered by townships
15or taxing districts until all complaints have been heard and
16passed upon by the board.
17(Source: P.A. 96-1083, eff. 7-16-10.)
 
18    Section 99. Effective date. This Act takes effect upon
19becoming law.