Full Text of SB0683 101st General Assembly
SB0683sam002 101ST GENERAL ASSEMBLY | Sen. Julie A. Morrison Filed: 4/5/2019
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| 1 | | AMENDMENT TO SENATE BILL 683
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 683 by replacing | 3 | | everything after the enacting clause with the following:
| 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 | | (a) Except as provided in subsection (c), any Any assessor | 9 | | in
counties with less than 3,000,000 but more than 50,000 | 10 | | inhabitants each
year may petition the Department to receive | 11 | | additional compensation based on
performance. To receive | 12 | | additional compensation, the official's assessment
| 13 | | jurisdiction must meet the following criteria:
| 14 | | (1) the median level of assessment must be no more than
| 15 | | 35 1/3% and no less than 31 1/3% of fair cash value of | 16 | | property
in his or her assessment jurisdiction; and
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| 1 | | (2) the coefficient of dispersion must not be greater | 2 | | than 15%.
| 3 | | For purposes of this Section, "coefficient of dispersion" means | 4 | | the average
deviation of all assessments from the median level.
| 5 | | For purposes of this Section, the number of inhabitants shall | 6 | | be determined
by the latest federal decennial census. When the | 7 | | most
recent census shows an increase in inhabitants to over | 8 | | 50,000 or a decrease
to 50,000 or fewer, then the
assessment | 9 | | year used to compute the coefficient of dispersion and the most
| 10 | | recent year of the 3-year average level of assessments is the | 11 | | year that
determines qualification for additional
| 12 | | compensation.
The Department will
promulgate rules and | 13 | | regulations to determine whether an assessor meets these
| 14 | | criteria.
| 15 | | (b) Except as provided in subsection (c), any Any assessor | 16 | | in a county of 50,000 or fewer inhabitants may
petition the
| 17 | | Department for consideration to receive additional | 18 | | compensation each year
based on performance. In order to | 19 | | receive the additional compensation, the
assessments in the | 20 | | official's assessment jurisdiction must meet the following
| 21 | | criteria: (i) the median level of assessments must be no more | 22 | | than 35 1/3% and
no less than 31 1/3% of fair cash value of | 23 | | property in his or her assessment
jurisdiction; and (ii) the | 24 | | coefficient of dispersion must not be greater than
40% in 1994, | 25 | | 38% in 1995, 36% in 1996, 34% in 1997, 32% in 1998, and 30% in
| 26 | | 1999 and every year thereafter.
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| 1 | | (c) With respect to assessors who are elected on or after | 2 | | the effective date of this amendatory Act of the 101st General | 3 | | Assembly in a qualified county, in lieu of the compensation | 4 | | provided in subsections (a) and (b), the township board of any | 5 | | township with an assessor who meets the criteria for additional | 6 | | compensation set forth in subsection (a) or (b), as applicable, | 7 | | may petition the Department for additional funding based on the | 8 | | assessor's performance. As used in this subsection, "qualified | 9 | | county" means DuPage, Kane, Lake, McHenry, or Will County. | 10 | | (d) Real estate transfer declarations used by the | 11 | | Department in annual
sales-assessment ratio studies will be | 12 | | used to 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 out | 20 | | of funds appropriated to
the Department from the Personal | 21 | | Property Tax Replacement Fund.
| 22 | | (e) As used in this Section : , | 23 | | "Assessor" "assessor" means any township or multi-township
| 24 | | assessor, or supervisor of assessments. | 25 | | "Coefficient of dispersion" means the average
deviation of | 26 | | all assessments from the median level.
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| 1 | | (Source: P.A. 97-72, eff. 7-1-11.)".
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