Full Text of SB2073 97th General Assembly
SB2073eng 97TH GENERAL ASSEMBLY |
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| 1 | | AN ACT concerning revenue.
| 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 16-185 as follows:
| 6 | | (35 ILCS 200/16-185)
| 7 | | Sec. 16-185. Decisions. The Board shall make a decision in | 8 | | each appeal or
case appealed to it, and the decision shall be | 9 | | based upon equity and the weight
of evidence and not upon | 10 | | constructive fraud, and shall be binding upon
appellant and | 11 | | officials of government. The decision shall be made within 365 | 12 | | days after the date the appeal was received by the Board. The | 13 | | extension of taxes on any
assessment so appealed shall not be | 14 | | delayed by any proceeding before the Board,
and, in case the | 15 | | assessment is altered by the Board, any taxes extended upon
the | 16 | | unauthorized assessment or part thereof shall be abated, or, if | 17 | | already
paid, shall be refunded with interest as provided in | 18 | | Section 23-20.
| 19 | | The decision or order of the Property Tax Appeal Board in | 20 | | any such
appeal, shall, within 10 days thereafter, be certified | 21 | | at no charge to
the appellant and to the proper authorities, | 22 | | including the board of
review or board of appeals whose | 23 | | decision was appealed, the county clerk
who extends taxes
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| 1 | | the assessment in question, and the county collector who | 2 | | collects
property taxes upon such assessment.
| 3 | | If the Property Tax Appeal Board renders a decision | 4 | | lowering the
assessment of a particular parcel after the | 5 | | deadline for filing complaints
with the board of review or | 6 | | board of appeals or after adjournment of the
session of
the | 7 | | board of review or board of appeals at which assessments for | 8 | | the
subsequent year are
being considered, the taxpayer may, | 9 | | within 30 days after the date of
written notice of the Property | 10 | | Tax Appeal Board's decision, appeal the
assessment for the | 11 | | subsequent year directly to the Property Tax
Appeal Board.
| 12 | | If the Property Tax Appeal Board renders a decision | 13 | | lowering the
assessment of a particular parcel on which a | 14 | | residence
occupied by the
owner is situated, such reduced | 15 | | assessment, subject to equalization, shall
remain in effect for | 16 | | the remainder of the general assessment period as provided
in | 17 | | Sections 9-215 through 9-225, unless that parcel is | 18 | | subsequently sold in
an arm's length transaction establishing a | 19 | | fair cash value for the parcel that
is different from the fair | 20 | | cash value on which the Board's assessment is
based, or unless | 21 | | the decision of the Property Tax Appeal Board is reversed
or | 22 | | modified upon review.
| 23 | | (Source: P.A. 88-455; 88-660, eff. 9-16-94; 89-671, eff. | 24 | | 8-14-96.)
| 25 | | Section 99. Effective date. This Act takes effect January | 26 | | 1, 2012.
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