Full Text of HB3439 103rd General Assembly
HB3439 103RD GENERAL ASSEMBLY |
| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 HB3439 Introduced 2/17/2023, by Rep. Amy Elik SYNOPSIS AS INTRODUCED: |
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35 ILCS 200/9-155 |
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35 ILCS 200/9-160 |
| 35 ILCS 200/9-162 new | |
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Amends the Property Tax Code. Provides that, beginning in tax year 2025, each chief county assessment officer shall establish a rolling 3-year assessment period for property. Effective immediately.
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| | A BILL FOR |
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| 1 | | AN ACT concerning revenue.
| 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 9-155 and 9-160 and by adding Section 9-162 as | 6 | | follows:
| 7 | | (35 ILCS 200/9-155)
| 8 | | Sec. 9-155. Valuation in general assessment years. On or | 9 | | before June 1 in
each general assessment year in all counties | 10 | | with less than 3,000,000
inhabitants, and as soon as he or she | 11 | | reasonably can in each general assessment
year in counties | 12 | | with 3,000,000 or more inhabitants, or if any such county is
| 13 | | divided into assessment districts as provided in Sections | 14 | | 9-215 through 9-225,
as soon as he or she reasonably can in | 15 | | each general assessment year in those
districts, the assessor, | 16 | | in person or by deputy, shall actually view and
determine as | 17 | | near as practicable the value of each property listed for | 18 | | taxation
as of January 1 of that year, or as provided in | 19 | | Section 9-180, and assess the
property at 33 1/3% of its fair | 20 | | cash value, or in accordance with Sections
10-110 through | 21 | | 10-140 and 10-170 through 10-200, or in accordance with a | 22 | | county
ordinance adopted under Section 4 of Article IX of the | 23 | | Constitution of
Illinois. The assessor or deputy shall set |
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| 1 | | down, in the books furnished for
that purpose the assessed | 2 | | valuation of properties in one column, the assessed
value of | 3 | | improvements in another, and the total valuation in a separate | 4 | | column.
| 5 | | This Section applies before assessment year 2025. | 6 | | (Source: P.A. 86-1481; 87-1189; 88-455.)
| 7 | | (35 ILCS 200/9-160)
| 8 | | Sec. 9-160. Valuation in years other than general | 9 | | assessment years. On or
before June 1 in each year other than | 10 | | the general assessment year, in all
counties with less than | 11 | | 3,000,000 inhabitants, and as soon as he or she
reasonably can | 12 | | in counties with 3,000,000 or more inhabitants, the assessor
| 13 | | shall list and assess all property which becomes taxable and | 14 | | which is not upon
the general assessment, and also make and | 15 | | return a list of all new or added
buildings, structures or | 16 | | other improvements of any kind, the value of which had
not been | 17 | | previously added to or included in the valuation of the | 18 | | property on
which such improvements have been made, specifying | 19 | | the property on which each
of the improvements has been made, | 20 | | the kind of improvement and the value which,
in his or her | 21 | | opinion, has been added to the property by the improvements. | 22 | | The
assessment shall also include or exclude, on a | 23 | | proportionate basis in
accordance with the provisions of | 24 | | Section 9-180, all new or
added buildings, structures or other | 25 | | improvements, the value of which was
not included in the |
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| 1 | | valuation of the property for that year, and all
improvements | 2 | | which were destroyed or removed. In case of the destruction or
| 3 | | injury by fire, flood, cyclone, storm or otherwise, or removal | 4 | | of any
structures of any kind, or of the destruction of or any | 5 | | injury to orchard
timber, ornamental trees or groves, the | 6 | | value of which has been included in any
former valuation of the | 7 | | property, the assessor shall determine as near as
practicable | 8 | | how much the value of the property has been diminished, and | 9 | | make
return thereof.
| 10 | | Beginning January 1, 1996, the authority within a unit of | 11 | | local government
that is responsible for issuing building or | 12 | | occupancy permits shall notify the
chief county assessment | 13 | | officer, by December 31 of the assessment year, when a
full or | 14 | | partial occupancy permit has
been issued for a
parcel of real | 15 | | property. The chief county assessment officer shall
include in | 16 | | the assessment of the property for the current year the
| 17 | | proportionate value of new or added improvements on that | 18 | | property from the date
the occupancy permit was issued or from | 19 | | the date the new or added
improvement was
inhabitable and fit | 20 | | for occupancy or for intended customary use until December 31 | 21 | | of that year. If the chief county
assessment officer has | 22 | | already certified the books for the year, the board of
review | 23 | | or interim board of review shall assess the new or added | 24 | | improvements on
a proportionate basis for the year in which | 25 | | the occupancy permit was issued or the new or added
| 26 | | improvement was
inhabitable and fit for occupancy or for |
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| 1 | | intended customary use.
The proportionate value of
the
new or | 2 | | added improvements may be assessed by the board of review
or | 3 | | interim
board of review as omitted property pursuant to | 4 | | Sections 9-265, 9-270, 16-50
and 16-140 in a subsequent year | 5 | | on a proportionate basis for the year in which
the occupancy | 6 | | permit was
issued or the new or added improvement was
| 7 | | inhabitable and fit for occupancy or for intended customary | 8 | | use
if it was not assessed in that year.
| 9 | | This Section applies before assessment year 2025. | 10 | | (Source: P.A. 91-486, eff. 1-1-00.)
| 11 | | (35 ILCS 200/9-162 new) | 12 | | Sec. 9-162. 3-year assessment period established. This | 13 | | Section applies in tax year 2025 and thereafter. | 14 | | Beginning in tax year 2025, each chief county assessment | 15 | | officer shall establish a rolling 3-year assessment period for | 16 | | property. On or before June 1 of each year, the assessor, in | 17 | | person or by deputy, shall actually view and
determine, as | 18 | | near as practicable, the value of each property listed for | 19 | | taxation
for that tax year and determine 33 1/3% of the | 20 | | property's fair cash value, or, if the property is not | 21 | | required to be assessed at 33 1/3% of the property's fair cash | 22 | | value, the property's appropriate statutory level of | 23 | | assessment. The assessor or deputy shall set down, in the | 24 | | books furnished for
that purpose the assessed valuation of | 25 | | properties in one column, the assessed
value of improvements |
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| 1 | | in another, and the total valuation in a separate column. The | 2 | | assessed value of the property shall then be determined by | 3 | | calculating the average value of the property for the current | 4 | | tax year and the 2 immediately preceding tax years.
| 5 | | Section 99. Effective date. This Act takes effect upon | 6 | | becoming law.
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