House Sponsors: CURRIE-LANG. Short description: PROP TAX-COOK-PTAB Synopsis of Bill as introduced: Amends the Property Tax Code. In Cook County, (i) requires disclosure of certain information in valuation appeals concerning commercial or industrial properties and (ii) sets certain requirements when a valuation appeal concerning commercial or industrial property requests a change in assessed value of $100,000 or more. With respect to the Property Tax Appeal Board, provides that (i) in an appeal to PTAB there is a rebuttable presumption that the board of review decision is correct, (ii) in a "market value" appeal the applicant has a "preponderance" burden of proof, and (iii) in a "uniformity" appeal the appellant has a "clear and convincing" burden of proof. Sets requirements for opinion testimony. Makes other changes. Effective immediately. FISCAL NOTE (Department of Revenue) HB 4138 would not create a fiscal impact for the Department nor would it impact any of the taxes the Department is required to administer and collect. STATE MANDATES NOTE (Illinois Department of Commerce and Community Affairs) In the opinion of DCCA, HB 4138 does not create a State mandate under the State Mandates Act. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status