Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

35 ILCS 200/18-225

(35 ILCS 200/18-225)

Sec. 18-225.

Annexed or disconnected property.

If property is annexed
into the taxing
district or is disconnected from a taxing district during the current levy
year, the calculation of the limiting rate
under Section 18-185 is not affected.  The rates as limited under this Law are
applied to all property in the district for the current levy year,
excluding property that was annexed
after the adoption of the levy for the current levy year.

(Source: P.A. 88-455; 89-1, eff. 2-12-95.)

35 ILCS 200/18-230

(35 ILCS 200/18-230)

Sec. 18-230. Rate increase or decrease factor.

Only when a new rate or a rate
increase or decrease has been
approved by referendum held prior to March 22, 2006, the aggregate extension base, as adjusted in Section
 18-215, shall be multiplied by a rate increase (or decrease) factor.
The numerator of the rate increase (or decrease) factor is the total combined
rate for the funds that made up the aggregate extension for the taxing district
for the prior year plus the rate increase approved or minus the rate decrease
approved. The denominator of the rate increase or decrease factor is the total
combined rate for the funds that made up the aggregate extension for the prior
year.  For those taxing districts for which a new rate or a rate increase has
been approved by referendum held after December 31, 1988 and prior to March 22, 2006, and
that did not increase their rate to the new maximum rate for that fund, the
rate increase factor shall be adjusted for 4 levy years after the year
of the referendum (unless the governing body of a taxing district to which this Law applied before the 1995 levy year that approved a tax rate increase at a general election held after 2002 directs the county clerk or clerks by resolution to make such adjustment for a lesser number of years) by a factor the numerator of which is the portion of the
new or increased rate for which taxes were not extended plus the aggregate
rate in effect for the levy year prior to the levy year in which the
referendum was passed and the denominator of which is the aggregate rate in
effect for the levy year prior to the levy year in which the referendum
was passed.

(Source: P.A. 94-976, eff. 6-30-06.)

35 ILCS 200/18-233

(35 ILCS 200/18-233)
Sec. 18-233.

Adjustments for certificates of error, certain court orders, or final administrative decisions of the Property Tax Appeal Board.

Beginning in levy year 2021, a taxing district levy shall be increased by a prior year adjustment whenever an assessment decrease due to the issuance of a certificate of error, a court order issued pursuant to an assessment valuation complaint under Section 23-15, or a final administrative decision of the Property Tax Appeal Board results in a refund from the taxing district of a portion of the property tax revenue distributed to the taxing district. On or before November 15 of each year, the county treasurer shall certify the aggregate refunds paid by a taxing district during such 12-month period for purposes of this Section. For purposes of the Property Tax Extension Limitation Law, the taxing district's most recent aggregate extension base shall not include the prior year adjustment authorized under this Section.

(Source: P.A. 102-519, eff. 8-20-21.)

35 ILCS 200/18-235

(35 ILCS 200/18-235)

Sec. 18-235.

Tax increment financing districts.

Extensions allocable to a
special tax allocation fund and the amount of taxes abated under Sections
18-165 and 18-170 are not included in the aggregate extension base when
computing the limiting rate.

(Source: P.A. 87-17; 88-455.)

35 ILCS 200/18-240

(35 ILCS 200/18-240)

Sec. 18-240.

Certification of new property.

(a) The township assessor,
the
multi-township assessor, the chief county assessment officer, the board of
review, and the board of appeals shall cause the assessed  value attributable
to new property to be entered and certified in the assessment books under rules
promulgated by the Department.

(b) For the levy year in which this Law first becomes applicable to a
county pursuant to Section 18-213, the chief county assessment
officer shall certify to the county clerk, after all changes by the board of
review or board of appeals, as the case may be, the assessed value of new
property by taxing districts for that levy year under rules promulgated by the
Department.

(Source: P.A. 88-455; 89-510, eff. 1-1-97.)

35 ILCS 200/18-241

(35 ILCS 200/18-241)

Sec. 18-241. School Finance Authority and Financial Oversight Panel.

(a) A School Finance Authority established under Article 1E of
the School Code shall not be a taxing district for purposes of this Law. A Financial Oversight Panel established under Article 1H of the School Code shall not be a taxing district for purposes of this Law.

(b) This Law shall not apply to the extension of taxes for a
school district for the levy year in which a School Finance
Authority for the district is created pursuant to Article 1E of the
School Code. This Law shall not apply to the extension of taxes for the purpose of repaying an emergency financial assistance loan levied pursuant to Section 1H-65 of the School Code.

(Source: P.A. 102-894, eff. 5-20-22.)