State of Illinois
92nd General Assembly

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 1        AN ACT in relation to taxation.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The Property Tax Code is amended by changing
 5    Section 16-180 as follows:

 6        (35 ILCS 200/16-180)
 7        Sec. 16-180.   Procedure  for  determination  of  correct
 8    assessment.  Except as otherwise provided in this Section and
 9    Sections  16-169  and  16-170,  the Property Tax Appeal Board
10    shall establish  by  rules  an  informal  procedure  for  the
11    determination  of the correct assessment of property which is
12    the subject of an appeal.  The procedure, to the extent  that
13    the Board considers practicable, shall eliminate formal rules
14    of  pleading,  practice  and  evidence,  and  except  for any
15    reasonable filing fee determined by the  Board,  may  provide
16    that costs shall be in the discretion of the Board. A copy of
17    the  appellant's petition shall be mailed by the clerk of the
18    Property Tax Appeal Board to the board of review or board  of
19    appeals whose decision is being appealed.  In all cases where
20    a change in assessed valuation of $100,000 or more is sought,
21    the board of review or board of appeals shall serve a copy of
22    the  petition  on  all  taxing districts as shown on the last
23    available tax bill. The chairman of the Property  Tax  Appeal
24    Board  shall  provide  for  the  speedy  hearing  of all such
25    appeals. All appeals shall be considered de  novo.  Where  no
26    complaint  has been made to the board of review of the county
27    where the property is located and the appeal is based  solely
28    on  the  effect  of  an  equalizing  factor  assigned  to all
29    property or to a class of property by the  board  of  review,
30    the  Property Tax Appeal Board shall not grant a reduction in
31    assessment greater than the amount  that  was  added  as  the
                            -2-                LRB9214141SMdv
 1    result of the equalizing factor. Where property is classified
 2    for  purposes  of taxation and a classification ordinance has
 3    been adopted in accordance with Section  9-150,  the  correct
 4    assessment  for property other than residential property of 6
 5    units or less shall be  determined  by  debasing  the  market
 6    value  of  the  subject  property  by  the ordinance level of
 7    assessment for that class of property.
 8    (Source: P.A. 88-455; 89-671, eff. 8-14-96.)

 9        Section 99.  Effective date.  This Act takes effect  upon
10    becoming law.

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