Illinois General Assembly - Full Text of SB1988
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Full Text of SB1988  103rd General Assembly



SB1988 EnrolledLRB103 26970 HLH 53337 b

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 12-55 as follows:
6    (35 ILCS 200/12-55)
7    Sec. 12-55. Notice requirement if assessment is increased;
8counties of 3,000,000 or more.
9    (a) In counties with 3,000,000 or more inhabitants, a
10revision by the county assessor, except where such revision is
11made on complaint of the owner, shall not increase an
12assessment without notice to the person to whom the most
13recent tax bill was mailed and an opportunity to be heard
14before the assessment is verified. The county assessor shall
15continue to accept appeals from the taxpayer for a period of
16not less than 30 business days from the later of the date the
17assessment notice is mailed as provided in this subsection or
18is published on the assessor's website. When a notice is
19mailed by the county assessor to the address of a mortgagee,
20the mortgagee, within 7 business days after the mortgagee
21receives the notice, shall forward a copy of the notice to each
22mortgagor of the property referred to in the notice at the last
23known address of each mortgagor as shown on the records of the



SB1988 Enrolled- 2 -LRB103 26970 HLH 53337 b

1mortgagee. There shall be no liability for the failure of the
2mortgagee to forward the notice to each mortgagor. The
3assessor may provide for the filing of complaints and make
4revisions at times other than those dates published under
5Section 14-35. When the county assessor has completed the
6revision and correction and entered the changes and revision
7in the assessment books, an affidavit shall be attached to the
8assessment books in the form required by law, signed by the
9county assessor.
10    (b) In counties with 3,000,000 or more inhabitants, for
11parcels, other than parcels in the class that includes the
12majority of the single-family residential parcels under a
13county ordinance adopted in accordance with Section 4 of
14Article IX of the Illinois Constitution, located in the
15assessment district for which the current assessment year is a
16general assessment year, within 30 days after sending the
17required notices under this Section, the county assessor shall
18file with the board of appeals (until the first Monday in
19December 1998, and the board of review beginning the first
20Monday in December 1998 and thereafter) a list of the parcels
21for which the notices under this Section were sent, showing
22the following information for each such parcel: the parcel
23index number, the township in which the parcel is located, the
24class for the current year, the previous year's final total
25assessed value, the total assessed value proposed by the
26county assessor, and the name of the person to whom the notice



SB1988 Enrolled- 3 -LRB103 26970 HLH 53337 b

1required under this Section was sent. The list shall be
2available for public inspection at the office of the board
3during the regular office hours of the board. The list shall be
4retained by the board for at least 10 years after the date it
5is initially filed by the county assessor.
6    (c) The provisions of subsection (b) of this Section shall
7be applicable beginning with the assessment for the 1997 tax
9(Source: P.A. 90-4, eff. 3-7-97; 91-751, eff. 6-2-00.)