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91_SB1645
LRB9111535SMmb
1 AN ACT to amend the Property Tax Code by changing Section
2 12-55.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by changing
6 Section 12-55 as follows:
7 (35 ILCS 200/12-55)
8 Sec. 12-55. Notice requirement if assessment is
9 increased; counties of 3,000,000 or more.
10 (a) In counties with 3,000,000 or more inhabitants, a
11 revision by the county assessor, except where such revision
12 is made on complaint of the owner, shall not increase an
13 assessment without notice to the person to whom the most
14 recent tax bill was mailed and an opportunity to be heard
15 before the assessment is verified. When a notice is mailed by
16 the county assessor to the address of a mortgage lender, the
17 mortgage lender, within 5 days after the mortgage lender's
18 receipt of the notice, shall mail a copy of the notice to
19 each mortgagor of the property referred to in the notice at
20 the last known address of each mortgagor as shown on the
21 records of the mortgage lender. The assessor may provide for
22 the filing of complaints and make revisions at times other
23 than those dates published under Section 14-35. When the
24 county assessor has completed the revision and correction and
25 entered the changes and revision in the assessment books, an
26 affidavit shall be attached to the assessment books in the
27 form required by law, signed by the county assessor.
28 (b) In counties with 3,000,000 or more inhabitants, for
29 parcels, other than parcels in the class that includes the
30 majority of the single-family residential parcels under a
31 county ordinance adopted in accordance with Section 4 of
-2- LRB9111535SMmb
1 Article IX of the Illinois Constitution, located in the
2 assessment district for which the current assessment year is
3 a general assessment year, within 30 days after sending the
4 required notices under this Section, the county assessor
5 shall file with the board of appeals (until the first Monday
6 in December 1998, and the board of review beginning the first
7 Monday in December 1998 and thereafter) a list of the parcels
8 for which the notices under this Section were sent, showing
9 the following information for each such parcel: the parcel
10 index number, the township in which the parcel is located,
11 the class for the current year, the previous year's final
12 total assessed value, the total assessed value proposed by
13 the county assessor, and the name of the person to whom the
14 notice required under this Section was sent. The list shall
15 be available for public inspection at the office of the board
16 during the regular office hours of the board. The list shall
17 be retained by the board for at least 10 years after the date
18 it is initially filed by the county assessor.
19 (c) The provisions of subsection (b) of this Section
20 shall be applicable beginning with the assessment for the
21 1997 tax year.
22 (Source: P.A. 90-4, eff. 3-7-97.)