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| Public Act 096-1396 | ||||
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Property Tax Code is amended by changing | ||||
Section 27-75 as follows:
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(35 ILCS 200/27-75)
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Sec. 27-75. Extension of tax levy. If a property tax is | ||||
levied, the tax
shall be extended by the county clerk in the | ||||
special service area in the manner
provided by Articles 1 | ||||
through 26 of this Code based on equalized assessed
values as | ||||
established under Articles 1 through 26. The municipality or | ||||
county
shall file a certified copy of the ordinance creating | ||||
the special service area,
including an accurate map thereof, a | ||||
copy of the public hearing notice, and a description of the | ||||
special services to be provided, with the county clerk. The | ||||
corporate
authorities of the municipality or county may levy | ||||
taxes in the special service
area prior to the date the levy | ||||
must be filed with the county clerk, for the
same year in which | ||||
the ordinance and map are filed with the county clerk. In
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addition, the corporate authorities shall file a certified copy | ||||
of each
ordinance levying taxes in the special service area on | ||||
or before the last
Tuesday of December of each year and shall | ||||
file a certified copy of any
ordinance authorizing the issuance | ||||
of bonds and providing for a property tax
levy in the area by | ||
December 31 of the year of the first levy.
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In lieu of or in addition to an ad valorem property tax, a | ||
special tax may be
levied and extended within the special | ||
service area on any other basis that
provides a rational | ||
relationship between the amount of the tax levied against
each | ||
lot, block, tract and parcel of land in the special service | ||
area and the
special service benefit rendered. In that case, a | ||
special tax roll shall be
prepared containing: (a) a | ||
description of the special services to be provided, (b) an | ||
explanation of the method of spreading the special
tax, (c)
a | ||
list of lots, blocks, tracts and parcels of land in the special
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service area,
and (d) the amount assessed against each. The | ||
special tax roll
shall be included in the ordinance | ||
establishing the special service area or in
an amendment of the | ||
ordinance, and shall be filed with the county clerk for use
in | ||
extending the tax. The lien and foreclosure remedies provided | ||
in Article 9
of the Illinois Municipal Code shall apply upon | ||
non-payment of the special tax. | ||
As an alternative to an ad valorem tax based on the whole | ||
equalized assessed value of the property, the corporate | ||
authorities may provide for the ad valorem tax to be extended | ||
solely upon the equalized assessed value of the land in a | ||
special service area, without regard to improvements, if the | ||
equalized assessed value of the land in the special service | ||
area is at least 75% of the total of the whole equalized | ||
assessed value of property within the special service area at | ||
the time that it was established. If the corporate authorities | ||
choose to provide for this method of taxation on the land value | ||
only, then each notice given in connection with the special | ||
service area must include a statement in substantially the | ||
following form: "The taxes to be extended shall be upon the | ||
equalized assessed value of the land in the proposed special | ||
service area, without regard to improvements.
Section 10-30 of | ||
this Code does not apply to any property that is part of a | ||
special service area created under this paragraph, namely, | ||
property for which the ad valorem taxes are extended solely | ||
upon the equalized assessed value of the land in the special | ||
service area, without regard to improvements.
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(Source: P.A. 93-1013, eff. 8-24-04.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law. | ||