Public Act 93-0643

HB3080 Re-Enrolled                   LRB093 05910 SJM 06007 b

    AN ACT concerning assessor's compensation.

    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
Section 4-20 as follows:

    (35 ILCS 200/4-20)
    Sec. 4-20.  Additional compensation based on performance.
Any assessor in counties with less than  3,000,000  but  more
than 50,000 inhabitants each year may petition the Department
to  receive additional compensation based on performance.  To
receive additional compensation,  the  official's  assessment
jurisdiction must meet the following criteria:
         (1)  the  median level of assessment must be no more
    than 35 1/3% and no less than 31 1/3% of fair cash  value
    of property in his or her assessment jurisdiction; and
         (2)  the  coefficient  of  dispersion  must  not  be
    greater than 15%.
For  purposes  of  this  Section, "coefficient of dispersion"
means the average  deviation  of  all  assessments  from  the
median  level.  For  purposes  of this Section, the number of
inhabitants  shall  be  determined  by  the  latest   federal
decennial  census.   When  the  most  recent  census shows an
increase in inhabitants to  over  50,000  or  a  decrease  to
50,000 or fewer, then the assessment year used to compute the
coefficient  of  dispersion  and  the most recent year of the
3-year  average  level  of  assessments  is  the  year   that
determines  qualification  for  additional  compensation. The
Department will promulgate rules and regulations to determine
whether an assessor meets these criteria.
    Any assessor in a county of less  than  50,000  or  fewer
inhabitants  may petition the Department for consideration to
receive  additional   compensation   each   year   based   on
performance. In order to receive the additional compensation,
the  assessments  in  the  official's assessment jurisdiction
must meet the following criteria: (i)  the  median  level  of
assessments  must  be  no  more than 35 1/3% and no less than
31 1/3% of  fair  cash  value  of  property  in  his  or  her
assessment   jurisdiction;   and   (ii)  the  coefficient  of
dispersion must not be greater than 40% in 1994, 38% in 1995,
36% in 1996, 34% in 1997, 32% in 1998, and 30%  in  1999  and
every year thereafter.
    Real  estate transfer declarations used by the Department
in annual sales-assessment ratio  studies  will  be  used  to
evaluate   applications   for  additional  compensation.  The
Department will audit other  property  to  determine  if  the
sales-assessment  ratio  study  data is representative of the
assessment jurisdiction.  If the ratio  study  is  found  not
representative,  appraisals  and  other  information  may  be
utilized.    If  the  ratio  study  is  representative,  upon
certification by the Department, the assessor  shall  receive
additional  compensation  of $3,000 for that year, to be paid
out of funds appropriated to the Department.
    As used in this Section, "assessor" means any township or
multi-township assessor, or supervisor of assessments.
(Source:  P.A.  88-455;  incorporates  88-221;  88-670,  eff.
12-2-94.)

Effective Date: 06/01/04