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Public Act 92-0301
HB3292 Enrolled LRB9205816SMdv
AN ACT in relation to taxes.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by changing
Sections 8-55, 10-110, and 10-135 as follows:
(35 ILCS 200/8-55)
Sec. 8-55. Office of appraisals. Within the Department,
an Office of Appraisals shall assist local government
assessment officials, in counties of less than 3,000,000
inhabitants, with appraisal of commercial and industrial
properties having an assessment, prior to equalization by the
Department, of $350,000 or more. The Office of Appraisals
shall be staffed by 10 or more professional appraisers
qualified by experience and education as required by the
Department.
The Office shall provide assistance to assessors and
Supervisors of Assessments having a complaint or appeal
relating to the property to be appraised pending before the
Board of Review or the State Property Tax Appeal Board. Such
assistance shall be provided upon request, pursuant to a
written agreement between the Department and the assessing
official making the request, specifying the project involved,
the time frame for making the appraisal, the purpose of the
appraisal and the responsibilities of the parties, including
agreement by the local assessing official that the appraisal
will be accepted and utilized in the pending complaint or
appeal.
(Source: P.A. 84-1454; 88-455.)
(35 ILCS 200/10-110)
Sec. 10-110. Farmland. The equalized assessed value of
a farm, as defined in Section 1-60 and if used as a farm for
the 2 preceding years, except tracts subject to assessment
under Section 10-145, shall be determined as described in
Sections 10-115 through 10-140. To assure proper
implementation of Sections 10-110 through 10-140, the
Department may withhold non-farm multipliers for any county
other than a county with more than 3,000,000 inhabitants that
classifies property for tax purposes.
(Source: P.A. 86-954; 88-455.)
(35 ILCS 200/10-135)
Sec. 10-135. Farmland not subject to equalization. The
assessed valuation of farmland assessed under Sections 10-110
through 10-130 shall not be subject to equalization by means
of State equalization factors. Equalization factors applied
by a chief county assessment officer or a Board of Review
under Sections 9-205 and 16-60 shall be applied to
assessments of farmland only to achieve assessments as
required by Sections 10-110 through 10-130. To assure proper
implementation of this Section, the Department may withhold
non-farm multipliers to any county, other than a county with
more than 3,000,000 inhabitants which classifies property for
tax purposes.
(Source: P.A. 86-954; 88-455.)
Passed in the General Assembly May 15, 2001.
Approved August 09, 2001.
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