103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB3455

 

Introduced 2/8/2024, by Sen. Robert F. Martwick

 

SYNOPSIS AS INTRODUCED:
 
20 ILCS 2505/2505-815 new

    Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue, in consultation with the Department of Commerce and Economic Opportunity, shall conduct a study to evaluate the property tax system in the State. Provides that the Department may also determine whether the existing property tax levy, assessment, appeal, and collection process is reasonable and fair and may issue recommendations to improve that process.


LRB103 36901 HLH 67014 b

 

 

A BILL FOR

 

SB3455LRB103 36901 HLH 67014 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Department of Revenue Law of the Civil
5Administrative Code of Illinois is amended by adding Section
62505-815 as follows:
 
7    (20 ILCS 2505/2505-815 new)
8    Sec. 2505-815. Property tax system study. The Department,
9in consultation with the Department of Commerce and Economic
10Opportunity, shall conduct a study to evaluate the property
11tax system in the State and shall analyze any information
12collected in connection with that study. The Department may
13also examine whether the existing property tax levy,
14assessment, appeal, and collection process is reasonable and
15fair and may issue recommendations to improve that process.
16The study shall include the following:
17        (1) a comprehensive review of the classification
18    system used by Cook County in assessing real property in
19    Cook County compared with the rest of the State,
20    including, but not limited to, a projection of the impact,
21    if any, that the assessment of real property in Cook
22    County would exhibit if the classification system were to
23    be phased-out and transitioned to a uniform level of

 

 

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1    assessment, and the impact, if any, that the Cook County
2    classification system has or has had on economic
3    development or job creation in the county;
4        (2) a comprehensive review of State laws concerning
5    the appeal of assessments at the local and State level and
6    State laws concerning the collection of property taxes,
7    including any issues that have resulted in delays in
8    issuing property tax bills;
9        (3) a comprehensive review of statewide assessment
10    systems or computer assisted mass appraisal systems;
11        (4) a comprehensive review of current property tax
12    exemptions, the impact of those exemptions, and the
13    administration or application of those exemptions;
14        (5) an analysis of preferential assessments or
15    incentives, including, but not limited to, the resultant
16    economic impact from preferential assessments;
17        (6) a review of the State's reliance on property taxes
18    and the historical growth in property tax levies; and
19        (7) an analysis of the use of technology in data
20    collection, online review, CAMA analysis, and electronic
21    appeal filing that may result in improved accountability
22    and efficiency.
23    The Department shall consult with Illinois institutions of
24higher education having knowledge about the Illinois
25assessment processes in conducting the study under this
26Section.

 

 

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1    The Department shall complete a preliminary report by May
231, 2025 and shall complete a final report by July 1, 2025. The
3Department shall submit the final version of the report to the
4Governor and the General Assembly by July 1, 2025. A copy of
5both the preliminary version of the report and the final
6version of the report shall be made available to the public via
7electronic means. The Department may allow for the submission
8of public comments from individuals, organizations, or
9associations representing residential property owners,
10commercial property owners, or labor unions in Illinois. If
11the Department allows for the submission of public comments,
12the Department shall publish via electronic means any and all
13materials submitted to the Department.
14    This Section is repealed on December 31, 2025.