(35 ILCS 200/17-25)
Sec. 17-25.
Application of final equalization factor.
The assessments of
all property, other than property assessed under Sections 10-110 through 10-140
and 10-170 through 10-200, as returned by the county clerks, shall be
equalized by adding to the aggregate assessed value thereof in every county in
which the Department finds the valuation to be less than 33 1/3% of the fair
cash value of the property, the rate per cent which will raise the aggregate
assessed valuation to 33 1/3% of fair cash value, and by deducting from the
aggregate assessed value thereof, in every county in which the
Department finds the valuation to be more than 33 1/3% of the fair cash value,
the rate per cent which will reduce the aggregate assessed valuation to
33 1/3% of fair cash value.
However, no equalization factor shall be certified by the Department to
raise or reduce the aggregate assessed value of any county in
which
the aggregate assessed value of property other than that assessed under the
Sections cited above, is more than 99% and less than 101% of 33 1/3% of fair
cash value.
(Source: P.A. 91-555, eff. 1-1-00.)
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