093_SB0615eng

 
SB615 Engrossed                      LRB093 07258 SJM 07416 b

 1        AN ACT in relation to taxes.

 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 12-55 as follows:

 6        (35 ILCS 200/12-55)
 7        Sec.  12-55.   Notice  requirement   if   assessment   is
 8    increased; counties of 3,000,000 or more.
 9        (a)  In  counties  with  3,000,000 or more inhabitants, a
10    revision by the county assessor, except where  such  revision
11    is  made  on  complaint  of  the owner, shall not increase an
12    assessment without notice to the  person  to  whom  the  most
13    recent  tax  bill  was  mailed and an opportunity to be heard
14    before the assessment is verified. If  the  revision  by  the
15    county  assessor  causes  a  change  in  all assessments in a
16    particular  major  class  of  property  in  any  township  or
17    assessment district within the  county,  the  notice  to  the
18    person  to  whom  the  most  recent tax bill was mailed shall
19    include a general statement indicating that  all  assessments
20    in  a  particular  major  class in the township or assessment
21    district have been changed because of  an  application  of  a
22    factor and shall state the factor. When a notice is mailed by
23    the  county  assessor  to  the  address  of  a mortgagee, the
24    mortgagee,  within  7  business  days  after  the   mortgagee
25    receives  the  notice,  shall forward a copy of the notice to
26    each mortgagor of the property referred to in the  notice  at
27    the  last  known  address  of  each mortgagor as shown on the
28    records of the mortgagee.  There shall be  no  liability  for
29    the  failure  of  the mortgagee to forward the notice to each
30    mortgagor.  The  assessor  may  provide  for  the  filing  of
31    complaints and make revisions at times other than those dates
 
SB615 Engrossed             -2-      LRB093 07258 SJM 07416 b
 1    published under Section 14-35. When the county  assessor  has
 2    completed the revision and correction and entered the changes
 3    and  revision  in the assessment books, an affidavit shall be
 4    attached to the assessment books in the form required by law,
 5    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
12    a general assessment year, within 30 days after  sending  the
13    required  notices  under  this  Section,  the county assessor
14    shall file with the board of appeals (until the first  Monday
15    in 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
18    the following information for each such  parcel:  the  parcel
19    index  number,  the  township in which the parcel is located,
20    the class for the current year,  the  previous  year's  final
21    total  assessed  value,  the total assessed value proposed by
22    the county assessor, and the name of the person to  whom  the
23    notice  required under this Section was sent.  The list shall
24    be available for public inspection at the office of the board
25    during the regular office hours of the board.  The list shall
26    be retained by the board for at least 10 years after the date
27    it is initially filed by the county assessor.
28        (c)  The provisions of subsection  (b)  of  this  Section
29    shall  be  applicable  beginning  with the assessment for the
30    1997 tax year.
31    (Source: P.A. 90-4, eff. 3-7-97; 91-751, eff. 6-2-00.)

32        Section 99.  Effective date.  This Act takes effect  upon
33    becoming law.