35 ILCS 200/9-212 new
Amends the Property Tax Code. Provides that, notwithstanding any
other provision of law to the contrary, the equalized assessed value,
less that part of the equalized assessed value attributable to new
improvements to the property, of residential real property may not be
increased from one general assessment to the next by more than 10%.
Effective January 1, 2003.
FEB-07-2002 S FIRST READING
FEB-07-2002 S REFERRED TO SENATE RULES COMMITTEE RULES
JAN-07-2003 S SESSION SINE DIE
END OF INQUIRY
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