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.