Bill Text: IL SB2543 | 2019-2020 | 101st General Assembly | Introduced

---

Bill Title: Amends the Property Tax Code. Provides that the assessor in a county with 3,000,000 or more inhabitants shall include compulsory sales when revising assessments. Provides that the board of review in a county with 3,000,000 or more inhabitants shall include compulsory sales in reviewing and correcting assessments and shall consider whether the compulsory sale would otherwise be considered an arm's length transaction. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB2543 Detail]

Download: Illinois-2019-SB2543-Introduced.html

---

101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 SB2543 Introduced 1/29/2020, by Sen. Emil Jones, III SYNOPSIS AS INTRODUCED:
35 ILCS 200/9-85
35 ILCS 200/16-95
Amends the Property Tax Code. Provides that the assessor in a county with 3,000,000 or more inhabitants shall include compulsory sales when revising assessments. Provides that the board of review in a county with 3,000,000 or more inhabitants shall include compulsory sales in reviewing and correcting assessments and shall consider whether the compulsory sale would otherwise be considered an arm's length transaction. Effective immediately.
LRB101 16332 HLH 65706 b
FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB2543 LRB101 16332 HLH 65706 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by changing
Sections 9-85 and 16-95 as follows:
(35 ILCS 200/9-85)
Sec. 9-85. Revision of assessments by county assessor and
board of review; Counties of 3,000,000 or more. In counties
with 3,000,000 or more inhabitants, the county assessor shall
have authority annually to revise the assessment books and
correct them as appears to be just; and on complaint in writing
in proper form by any taxpayer, and after affording the
taxpayer an opportunity to be heard thereon, he or she shall do
so at any time, until the assessment is verified. The assessor
shall include compulsory sales when revising assessments. An
entry upon the assessment books does not constitute an
assessment until the assessment is verified. When a notice is
to be mailed under Section 12-55 and the address that appears
on the assessor's records is the address of a mortgage lender
or the trustee, where title to the property is held in a land
trust, or in any event whenever the notice is mailed by the
assessor to a taxpayer at or in care of the address of a
mortgage lender or a trustee where the title to the property is

SB2543 - 2 - LRB101 16332 HLH 65706 b
held in a land trust, the mortgage lender or the trustee within
15 days of the mortgage lender's or the trustee's receipt of
such notice shall mail a copy of the notice to each mortgagor
of the property referred to in the notice at the last known
address of each mortgagor as shown on the records of the
mortgage lender, or to each beneficiary as shown on the records
of the trustee.
All changes and alterations pursuant to Section 16-95 or
Section 16-120 in the assessment of property shall be subject
to revision and entry into the assessment books by the board of
appeals (until the first Monday in December 1998 and the board
of review beginning the first Monday in December 1998 and
thereafter) in the same manner as the original assessments.
(Source: P.A. 88-455; 89-126, eff. 7-11-95; 89-671, eff.
8-14-96.)
(35 ILCS 200/16-95)
Sec. 16-95. Powers and duties of board of appeals or
review; complaints. In counties with 3,000,000 or more
inhabitants, until the first Monday in December 1998, the board
of appeals in any year shall, on complaint that any property is
overassessed or underassessed, or is exempt, review and order
the assessment corrected.
Beginning the first Monday in December 1998 and thereafter,
in counties with 3,000,000 or more inhabitants, the board of
review:

SB2543 - 3 - LRB101 16332 HLH 65706 b
(1) shall, on written complaint of any taxpayer or any
taxing district that has an interest in the assessment that
any property is overassessed, underassessed, or exempt,
review the assessment and confirm, revise, correct, alter,
or modify the assessment, as appears to be just; the board
shall include compulsory sales in reviewing and correcting
assessments, including, but not limited to, those
compulsory sales submitted by the complainant, if the board
determines that those sales reflect the same property
characteristics and conditions as those originally used to
make the assessment; the board shall also consider whether
the compulsory sale would otherwise be considered an arm's
length transaction; and
(2) may, upon written motion of any one or more members
of the board that is made on or before the dates specified
in notices given under Section 16-110 for each township and
upon good cause shown, revise, correct, alter, or modify
any assessment (or part of an assessment) of real property
regardless of whether the taxpayer or owner of the property
has filed a complaint with the board; and
(3) shall, after the effective date of this amendatory
Act of the 96th General Assembly, pursuant to the
provisions of Sections 9-260, 9-265, 2-270, 16-135, and
16-140, review any omitted assessment proposed by the
county assessor and confirm, revise, correct, alter, or
modify the proposed assessment, as appears to be just.

SB2543 - 4 - LRB101 16332 HLH 65706 b
No assessment may be changed by the board on its own
motion until the taxpayer in whose name the property is
assessed and the chief county assessment officer who
certified the assessment have been notified and given an
opportunity to be heard thereon. All taxing districts shall
have an opportunity to be heard on the matter.
(Source: P.A. 96-1553, eff. 3-10-11.)
Section 99. Effective date. This Act takes effect upon
becoming law.