Rep. Emily McAsey

Filed: 3/30/2009

 

 


 

 


 
09600HB1546ham001 LRB096 05080 HLH 24670 a

1
AMENDMENT TO HOUSE BILL 1546

2     AMENDMENT NO. ______. Amend House Bill 1546 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The Property Tax Code is amended by changing
5 Sections 1-55 and 9-80 as follows:
 
6     (35 ILCS 200/1-55)
7     Sec. 1-55. 33 1/3%. Except as provided in Section 9-80,
8 one-third One-third of the fair cash value of property, as
9 determined by the Department's sales ratio studies for the 3
10 most recent years preceding the assessment year, adjusted to
11 take into account any changes in assessment levels implemented
12 since the data for the studies were collected.
13 (Source: P.A. 86-1481; 87-877; 88-455.)
 
14     (35 ILCS 200/9-80)
15     Sec. 9-80. Authority to revise assessments; Counties of

 

 

09600HB1546ham001 - 2 - LRB096 05080 HLH 24670 a

1 less than 3,000,000.
2     (a) The chief county assessment officer in counties with
3 less than 3,000,000 inhabitants shall have the same authority
4 as the township or multi-township assessor to assess and to
5 make changes or alterations in the assessment of property, and
6 shall assess and make such changes or alterations in the
7 assessment of property as though originally made. Changes by
8 the chief county assessment officer in valuations shall be
9 noted in a column provided, and no change shall be made in the
10 original assessor's figures.
11     When the chief county assessment officer or his or her
12 deputy views property for the purposes of assessing the
13 property or determining whether a change or alteration in the
14 assessment of the property is required, he or she shall give
15 notice to the township assessor by U.S. Mail at least 5 days
16 but not more than 30 days prior to the viewing, so that the
17 assessor may arrange to be present at the viewing. He or she
18 shall also give notice to owners of the properties by means of
19 notices in a paper of general circulation in the township. The
20 notices shall state the chief county assessment officer's
21 intention to view the property but need not specify the date
22 and time of the viewing. When the chief county assessment
23 officer or his or her deputy is present at the property to be
24 viewed, immediately prior to the viewing, he or she shall make
25 a reasonable effort to ascertain if the owner or his or her
26 representative, or the assessor, are on the premises and to

 

 

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1 inform them of his or her intention to view the property.
2 Failure to provide notice to the township assessor and owner
3 shall not of and by itself invalidate any change in an
4 assessment. A viewing under this Section and Section 9-155
5 means actual viewing of the visible property in its entirety
6 from, on or at the site of the property.
7     (b) On or before October 1, 2009, the county assessor of
8 Will County shall reassess all residential property in the
9 county at 33 1/3% of the fair cash value of the property, as
10 determined by the Department's sales ratio studies for the most
11 recent year preceding the assessment year. For the purposes of
12 this subsection, "residential property" means a single-family
13 home, a condominium, a cooperative, an apartment, or a
14 mixed-use building of 6 or fewer units.
15     (c) All changes and alterations in the assessment of
16 property shall be subject to revision by the board of review in
17 the same manner that original assessments are reviewed.
18 (Source: P.A. 81-0838; 81-1055; 81-1509; 88-455.)".