State of Illinois
92nd General Assembly
Legislation

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92_HB3292eng

 
HB3292 Engrossed                               LRB9205816SMdv

 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    Sections 8-55, 10-110, and 10-135 as follows:

 6        (35 ILCS 200/8-55)
 7        Sec. 8-55.  Office of appraisals.  Within the Department,
 8    an  Office  of  Appraisals  shall  assist  local   government
 9    assessment  officials,  in  counties  of  less than 3,000,000
10    inhabitants, with  appraisal  of  commercial  and  industrial
11    properties having an assessment, prior to equalization by the
12    Department,  of  $350,000  or more.  The Office of Appraisals
13    shall be  staffed  by  10  or  more  professional  appraisers
14    qualified  by  experience  and  education  as required by the
15    Department.
16        The Office shall  provide  assistance  to  assessors  and
17    Supervisors  of  Assessments  having  a  complaint  or appeal
18    relating to the property to be appraised pending  before  the
19    Board of Review or the State Property Tax Appeal Board.  Such
20    assistance  shall  be  provided  upon  request, pursuant to a
21    written agreement between the Department  and  the  assessing
22    official making the request, specifying the project involved,
23    the  time  frame for making the appraisal, the purpose of the
24    appraisal and the responsibilities of the parties,  including
25    agreement  by the local assessing official that the appraisal
26    will be accepted and utilized in  the  pending  complaint  or
27    appeal.
28    (Source: P.A. 84-1454; 88-455.)

29        (35 ILCS 200/10-110)
30        Sec.  10-110.  Farmland.  The equalized assessed value of
 
HB3292 Engrossed            -2-                LRB9205816SMdv
 1    a farm, as defined in Section 1-60 and if used as a farm  for
 2    the  2  preceding  years, except tracts subject to assessment
 3    under Section 10-145, shall be  determined  as  described  in
 4    Sections    10-115   through   10-140.   To   assure   proper
 5    implementation  of  Sections  10-110  through   10-140,   the
 6    Department  may  withhold non-farm multipliers for any county
 7    other than a county with more than 3,000,000 inhabitants that
 8    classifies property for tax purposes.
 9    (Source: P.A. 86-954; 88-455.)

10        (35 ILCS 200/10-135)
11        Sec. 10-135.  Farmland not subject to  equalization.  The
12    assessed valuation of farmland assessed under Sections 10-110
13    through  10-130 shall not be subject to equalization by means
14    of State equalization factors.  Equalization factors  applied
15    by  a  chief  county  assessment officer or a Board of Review
16    under  Sections  9-205  and  16-60  shall   be   applied   to
17    assessments  of  farmland  only  to  achieve  assessments  as
18    required  by Sections 10-110 through 10-130. To assure proper
19    implementation of this Section, the Department  may  withhold
20    non-farm  multipliers to any county, other than a county with
21    more than 3,000,000 inhabitants which classifies property for
22    tax purposes.
23    (Source: P.A. 86-954; 88-455.)

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