Public Act 098-0615
 
HB1604 EnrolledLRB098 06020 HLH 36059 b

    AN ACT concerning revenue.
 
    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 9-265 as follows:
 
    (35 ILCS 200/9-265)
    Sec. 9-265. Omitted property; interest; change in exempt
use or ownership.
    (a) If any property is omitted in the assessment of any
year or years, not to exceed the current assessment year and 3
prior years, so that the taxes, for which the property was
liable, have not been paid, or if by reason of defective
description or assessment, taxes on any property for any year
or years have not been paid, or if any taxes are refunded under
subsection (b) of Section 14-5 because the taxes were assessed
in the wrong person's name, the property, when discovered,
shall be listed and assessed by the board of review or, in
counties with 3,000,000 or more inhabitants, by the county
assessor either on his or her own initiative or when so
directed by the board of appeals or board of review.
    (b) The board of review in counties with less than
3,000,000 inhabitants or the county assessor in counties with
3,000,000 or more inhabitants may develop reasonable
procedures for contesting the listing of omitted property under
this Division.
    (c) For purposes of this Section, "defective description or
assessment" includes a description or assessment which omits
all the improvements thereon as a result of which part of the
taxes on the total value of the property as improved remain
unpaid. In the case of property subject to assessment by the
Department, the property shall be listed and assessed by the
Department. All such property shall be placed on the assessment
and tax books.
    (d) The arrearages of taxes which might have been assessed,
with 10% interest thereon for each year or portion thereof from
2 years after the time the first correct tax bill ought to have
been received, shall be charged against the property by the
county clerk.
    (e) When property or acreage omitted by either incorrect
survey or other ministerial assessor error is discovered and
the owner has paid its tax bills as received for the year or
years of omission of the parcel, then the interest authorized
by this Section shall not be chargeable to the owner. However,
nothing in this Section shall prevent the collection of the
principal amount of back taxes due and owing.
    (f) If any property listed as exempt by the chief county
assessment officer has a change in use, a change in leasehold
estate, or a change in titleholder of record by purchase,
grant, taking or transfer, it shall be the obligation of the
transferee to notify the chief county assessment officer in
writing within 90 days of the change. If mailed, the notice
shall be sent by certified mail, return receipt requested, and
shall include the name and address of the taxpayer, the legal
description of the property, and the property index number of
the property when an index number exists. If notice is provided
in person, it shall be provided on a form prescribed by the
chief county assessment officer, and the chief county
assessment officer shall provide a date stamped copy of the
notice. Except as provided in item (6) of subsection (a) of
Section 9-260, item (6) of Section 16-135, and item (6) of
Section 16-140 of this Code, if the failure to give the
notification results in the assessing official continuing to
list the property as exempt in subsequent years, the property
shall be considered omitted property for purposes of this Code.
    (g) In counties with fewer than 3,000,000 inhabitants, if a
chief county assessment officer discovers at any time before
judgment that a property has been granted a homestead exemption
under Article 15 of this Code to which it was not entitled, the
chief county assessment officer may consider the erroneously
exempt portion of the property as omitted property under this
Section for that taxable year only.
(Source: P.A. 96-1553, eff. 3-10-11.)

Effective Date: 6/1/2014