Full Text of HB5094 102nd General Assembly
HB5094ham001 102ND GENERAL ASSEMBLY | Rep. Maura Hirschauer Filed: 2/9/2022
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| 1 | | AMENDMENT TO HOUSE BILL 5094
| 2 | | AMENDMENT NO. ______. Amend House Bill 5094 by replacing | 3 | | everything after the enacting clause with the following:
| 4 | | "Section 5. The Property Tax Code is amended by changing | 5 | | Section 4-20 as follows: | 6 | | (35 ILCS 200/4-20)
| 7 | | Sec. 4-20. Additional compensation based on performance. | 8 | | Any assessor in
counties with less than 3,000,000 but more | 9 | | than 50,000 inhabitants each
year may petition the Department | 10 | | to receive additional compensation based on
performance. To | 11 | | receive additional compensation, the official's assessment
| 12 | | jurisdiction must meet the following criteria:
| 13 | | (1) the median level of assessment must be no more | 14 | | than
35 1/3% and no less than 31 1/3% of fair cash value of | 15 | | property
in his or her assessment jurisdiction; and
| 16 | | (2) the coefficient of dispersion must not be greater |
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| 1 | | than 15%.
| 2 | | For purposes of this Section, "coefficient of dispersion" | 3 | | means the average
deviation of all assessments from the median | 4 | | level.
For purposes of this Section, the number of inhabitants | 5 | | shall be determined
by the latest federal decennial census. | 6 | | When the most
recent census shows an increase in inhabitants | 7 | | to over 50,000 or a decrease
to 50,000 or fewer, then the
| 8 | | assessment year used to compute the coefficient of dispersion | 9 | | and the most
recent year of the 3-year average level of | 10 | | assessments is the year that
determines qualification for | 11 | | additional
compensation.
The Department will
promulgate rules | 12 | | and regulations to determine whether an assessor meets these
| 13 | | criteria.
| 14 | | Any assessor in a county of 50,000 or fewer inhabitants | 15 | | may
petition the
Department for consideration to receive | 16 | | additional compensation each year
based on performance. In | 17 | | order to receive the additional compensation, the
assessments | 18 | | in the official's assessment jurisdiction must meet the | 19 | | following
criteria: (i) the median level of assessments must | 20 | | be no more than 35 1/3% and
no less than 31 1/3% of fair cash | 21 | | value of property in his or her assessment
jurisdiction; and | 22 | | (ii) the coefficient of dispersion must not be greater than
| 23 | | 40% in 1994, 38% in 1995, 36% in 1996, 34% in 1997, 32% in | 24 | | 1998, and 30% in
1999 and every year thereafter.
| 25 | | Real estate transfer declarations used by the Department | 26 | | in annual
sales-assessment ratio studies will be used to |
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| 1 | | evaluate applications for
additional compensation. The | 2 | | Department will audit other property to determine
if the | 3 | | sales-assessment ratio study data is representative of the | 4 | | assessment
jurisdiction. If the ratio study is found not | 5 | | representative, appraisals and
other information may be | 6 | | utilized. If the ratio study is representative, upon
| 7 | | certification by the Department, the assessor shall receive | 8 | | additional
compensation of $3,000 for that year, to be paid | 9 | | out of funds appropriated to
the Department from the Personal | 10 | | Property Tax Replacement Fund.
For State fiscal years | 11 | | beginning on or after July 1, 2022, the Department shall remit | 12 | | those funds to the appropriate county, or, in the case of a | 13 | | township assessor, the appropriate township, and the county or | 14 | | township shall pay the additional compensation to the assessor | 15 | | from those funds. On and after July 1, 2022, with respect to | 16 | | the additional compensation under this Section, the county or | 17 | | township, as appropriate, shall be considered the assessor's | 18 | | employer for payroll purposes, including, but not limited to, | 19 | | State and federal income tax reporting and withholding and | 20 | | employer contributions under the Illinois Pension Code.
| 21 | | As used in this Section, "assessor" means any township or | 22 | | multi-township
assessor, or supervisor of assessments.
| 23 | | (Source: P.A. 97-72, eff. 7-1-11.)
| 24 | | Section 99. Effective date. This Act takes effect upon | 25 | | becoming law.".
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