HB1546ham001 96TH GENERAL ASSEMBLY

Rep. Emily McAsey

Filed: 3/30/2009

09600HB1546ham001 LRB096 05080 HLH 24670 a

AMENDMENT TO HOUSE BILL 1546

AMENDMENT NO. ______. Amend House Bill 1546 by replacing everything after the enacting clause with the following:

"Section 5. The Property Tax Code is amended by changing Sections 1-55 and 9-80 as follows:

(35 ILCS 200/1-55)

Sec. 1-55. 33 1/3%. Except as provided in Section 9-80, one-third One-third of the fair cash value of property, as determined by the Department's sales ratio studies for the 3 most recent years preceding the assessment year, adjusted to take into account any changes in assessment levels implemented since the data for the studies were collected.

(Source: P.A. 86-1481; 87-877; 88-455.)

(35 ILCS 200/9-80)

Sec. 9-80. Authority to revise assessments; Counties of less than 3,000,000.

(a) The chief county assessment officer in counties with less than 3,000,000 inhabitants shall have the same authority as the township or multi-township assessor to assess and to make changes or alterations in the assessment of property, and shall assess and make such changes or alterations in the assessment of property as though originally made. Changes by the chief county assessment officer in valuations shall be noted in a column provided, and no change shall be made in the original assessor's figures.

When the chief county assessment officer or his or her deputy views property for the purposes of assessing the property or determining whether a change or alteration in the assessment of the property is required, he or she shall give notice to the township assessor by U.S. Mail at least 5 days but not more than 30 days prior to the viewing, so that the assessor may arrange to be present at the viewing. He or she shall also give notice to owners of the properties by means of notices in a paper of general circulation in the township. The notices shall state the chief county assessment officer's intention to view the property but need not specify the date and time of the viewing. When the chief county assessment officer or his or her deputy is present at the property to be viewed, immediately prior to the viewing, he or she shall make a reasonable effort to ascertain if the owner or his or her representative, or the assessor, are on the premises and to inform them of his or her intention to view the property. Failure to provide notice to the township assessor and owner shall not of and by itself invalidate any change in an assessment. A viewing under this Section and Section 9-155 means actual viewing of the visible property in its entirety from, on or at the site of the property.

(b) On or before October 1, 2009, the county assessor of Will County shall reassess all residential property in the county at 33 1/3% of the fair cash value of the property, as determined by the Department's sales ratio studies for the most recent year preceding the assessment year. For the purposes of this subsection, "residential property" means a single-family home, a condominium, a cooperative, an apartment, or a mixed-use building of 6 or fewer units.

(c) All changes and alterations in the assessment of property shall be subject to revision by the board of review in the same manner that original assessments are reviewed.

(Source: P.A. 81-0838; 81-1055; 81-1509; 88-455.)".