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90_HB3086
35 ILCS 200/10-135
Amends the Property Tax Code. Makes a technical change
in the Section concerning farmland not subject to
equalization.
LRB9009209KDks
LRB9009209KDks
1 AN ACT to amend the Property Tax Code by changing Section
2 10-135.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by changing
6 Section 10-135 as follows:
7 (35 ILCS 200/10-135)
8 Sec. 10-135. Farmland not subject to equalization. The
9 assessed valuation of farmland assessed under Sections 10-110
10 through 10-130 shall not be subject to equalization by means
11 of State equalization factors. Equalization factors applied
12 by a chief county assessment officer or a Board of Review
13 under Sections 9-205 and 16-60 shall be applied to
14 assessments of farmland only to achieve assessments as
15 required by Sections 10-110 through 10-130. To assure proper
16 implementation of this Section, the Department may withhold
17 non-farm multipliers to any county, other than a county with
18 more than 3,000,000 inhabitants that which classifies
19 property for tax purposes.
20 (Source: P.A. 86-954; 88-455.)