100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
SB0062
 
Introduced 1/11/2017, by Sen. Karen McConnaughay
 
SYNOPSIS AS INTRODUCED:
 

 
35 ILCS 200/10-27 new

     Amends the Property Tax Code.  Provides that, in the case of residential property located in a gated residential community, nothing shall prohibit the chief county assessment officer, the board of review, or the Property Tax Appeal Board from considering comparable properties located outside of that gated residential community when determining the fair cash value of the property.  Effective immediately.
  


LRB100 00324 HLH 10328 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
SB0062LRB100 00324 HLH 10328 b


  
1    AN ACT concerning revenue.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Property Tax Code is amended  by adding 
5Section 10-27 as follows:
 
6    (35 ILCS 200/10-27 new)
7    Sec. 10-27. Gated residential communities.  In the case of 
8residential property located in a gated residential community, 
9nothing shall prohibit the chief county assessment officer, the 
10board of review, or the Property Tax Appeal Board from 
11considering comparable properties located outside of that 
12gated residential community when determining the fair cash 
13value of the residential property.
 
 
14    Section 99. Effective date. This Act takes effect upon 
15becoming law.