101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4654

 

Introduced 2/5/2020, by Rep. Deanne M. Mazzochi

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/16-91 new
35 ILCS 200/16-156 new
35 ILCS 200/16-181 new

    Amends the Property Tax Code. Provides that, if a board of review or the Property Tax Appeal Board reduces the assessment of a condominium unit, then the owner of a neighboring unit in the same condominium development may, upon a timely petition, request the same reduction, so long as the neighboring unit has no discernible benefits or amenities that the condominium unit that received the initial reduction does not. Effective immediately.


LRB101 17956 HLH 67392 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4654LRB101 17956 HLH 67392 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
5Sections 16-91, 16-156, and 16-181 as follows:
 
6    (35 ILCS 200/16-91 new)
7    Sec. 16-91. Condominium reduction. If the board of review
8reduces the assessment of a condominium unit, then the owner of
9a neighboring unit in the same condominium development may,
10upon a timely petition, request the same reduction, so long as
11the neighboring unit has no discernible benefits or amenities
12that the condominium unit that received the initial reduction
13does not.
 
14    (35 ILCS 200/16-156 new)
15    Sec. 16-156. Condominium reduction. If the board of review
16reduces the assessment of a condominium unit, then the owner of
17a neighboring unit in the same condominium development may,
18upon a timely petition, request the same reduction, so long as
19the neighboring unit has no discernible benefits or amenities
20that the condominium unit that received the initial reduction
21does not.
 

 

 

HB4654- 2 -LRB101 17956 HLH 67392 b

1    (35 ILCS 200/16-181 new)
2    Sec. 16-181. Condominium reduction. If the Property Tax
3Appeal Board reduces the assessment of a condominium unit, then
4the owner of a neighboring unit in the same condominium
5development may, upon a timely petition, request the same
6reduction, so long as the neighboring unit has no discernible
7benefits or amenities that the condominium unit that received
8the initial reduction does not.
 
9    Section 99. Effective date. This Act takes effect upon
10becoming law.