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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Property Tax Code is amended by changing | ||||||
5 | Section 15-172 as follows:
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6 | (35 ILCS 200/15-172)
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7 | Sec. 15-172. Senior Citizens Assessment Freeze Homestead | ||||||
8 | Exemption.
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9 | (a) This Section may be cited as the Senior Citizens | ||||||
10 | Assessment
Freeze Homestead Exemption.
| ||||||
11 | (b) As used in this Section:
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12 | "Applicant" means an individual who has filed an | ||||||
13 | application under this
Section.
| ||||||
14 | "Base amount" means the base year equalized assessed value | ||||||
15 | of the residence
plus the first year's equalized assessed | ||||||
16 | value of any added improvements which
increased the assessed | ||||||
17 | value of the residence after the base year.
| ||||||
18 | "Base year" means the taxable year prior to the taxable | ||||||
19 | year for which the
applicant first qualifies and applies for | ||||||
20 | the exemption provided that in the
prior taxable year the | ||||||
21 | property was improved with a permanent structure that
was | ||||||
22 | occupied as a residence by the applicant who was liable for | ||||||
23 | paying real
property taxes on the property and who was either |
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1 | (i) an owner of record of the
property or had legal or | ||||||
2 | equitable interest in the property as evidenced by a
written | ||||||
3 | instrument or (ii) had a legal or equitable interest as a | ||||||
4 | lessee in the
parcel of property that was single family | ||||||
5 | residence.
If in any subsequent taxable year for which the | ||||||
6 | applicant applies and
qualifies for the exemption the | ||||||
7 | equalized assessed value of the residence is
less than the | ||||||
8 | equalized assessed value in the existing base year
(provided | ||||||
9 | that such equalized assessed value is not
based
on an
assessed | ||||||
10 | value that results from a temporary irregularity in the | ||||||
11 | property that
reduces the
assessed value for one or more | ||||||
12 | taxable years), then that
subsequent taxable year shall become | ||||||
13 | the base year until a new base year is
established under the | ||||||
14 | terms of this paragraph. For taxable year 1999 only, the
Chief | ||||||
15 | County Assessment Officer shall review (i) all taxable years | ||||||
16 | for which
the
applicant applied and qualified for the | ||||||
17 | exemption and (ii) the existing base
year.
The assessment | ||||||
18 | officer shall select as the new base year the year with the
| ||||||
19 | lowest equalized assessed value.
An equalized assessed value | ||||||
20 | that is based on an assessed value that results
from a
| ||||||
21 | temporary irregularity in the property that reduces the | ||||||
22 | assessed value for one
or more
taxable years shall not be | ||||||
23 | considered the lowest equalized assessed value.
The selected | ||||||
24 | year shall be the base year for
taxable year 1999 and | ||||||
25 | thereafter until a new base year is established under the
| ||||||
26 | terms of this paragraph.
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1 | "Chief County Assessment Officer" means the County | ||||||
2 | Assessor or Supervisor of
Assessments of the county in which | ||||||
3 | the property is located.
| ||||||
4 | "Equalized assessed value" means the assessed value as | ||||||
5 | equalized by the
Illinois Department of Revenue.
| ||||||
6 | "Household" means the applicant, the spouse of the | ||||||
7 | applicant, and all persons
using the residence of the | ||||||
8 | applicant as their principal place of residence.
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9 | "Household income" means the combined income of the | ||||||
10 | members of a household
for the calendar year preceding the | ||||||
11 | taxable year.
| ||||||
12 | "Income" has the same meaning as provided in Section 3.07 | ||||||
13 | of the Senior
Citizens and Persons with Disabilities Property | ||||||
14 | Tax Relief
Act, except that, beginning in assessment year | ||||||
15 | 2001, "income" does not
include veteran's benefits.
| ||||||
16 | "Internal Revenue Code of 1986" means the United States | ||||||
17 | Internal Revenue Code
of 1986 or any successor law or laws | ||||||
18 | relating to federal income taxes in effect
for the year | ||||||
19 | preceding the taxable year.
| ||||||
20 | "Life care facility that qualifies as a cooperative" means | ||||||
21 | a facility as
defined in Section 2 of the Life Care Facilities | ||||||
22 | Act.
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23 | "Maximum income limitation" means: | ||||||
24 | (1) $35,000 prior
to taxable year 1999; | ||||||
25 | (2) $40,000 in taxable years 1999 through 2003; | ||||||
26 | (3) $45,000 in taxable years 2004 through 2005; |
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| |||||||
1 | (4) $50,000 in taxable years 2006 and 2007; | ||||||
2 | (5) $55,000 in taxable years 2008 through 2016;
| ||||||
3 | (6) for taxable year 2017, (i) $65,000 for qualified | ||||||
4 | property located in a county with 3,000,000 or more | ||||||
5 | inhabitants and (ii) $55,000 for qualified property | ||||||
6 | located in a county with fewer than 3,000,000 inhabitants; | ||||||
7 | and | ||||||
8 | (7) for taxable years 2018 and 2019 thereafter , | ||||||
9 | $65,000 for all qualified property ; . | ||||||
10 | (8) for taxable year 2020, (i) $75,000 for qualified | ||||||
11 | property in a county with 3,000,000 or more inhabitants | ||||||
12 | and (ii) $65,000 for qualified property located in a | ||||||
13 | county with fewer than 3,000,000 inhabitants; and | ||||||
14 | (9) for taxable years 2021 and thereafter, $75,000 for | ||||||
15 | all qualified property. | ||||||
16 | "Residence" means the principal dwelling place and | ||||||
17 | appurtenant structures
used for residential purposes in this | ||||||
18 | State occupied on January 1 of the
taxable year by a household | ||||||
19 | and so much of the surrounding land, constituting
the parcel | ||||||
20 | upon which the dwelling place is situated, as is used for
| ||||||
21 | residential purposes. If the Chief County Assessment Officer | ||||||
22 | has established a
specific legal description for a portion of | ||||||
23 | property constituting the
residence, then that portion of | ||||||
24 | property shall be deemed the residence for the
purposes of | ||||||
25 | this Section.
| ||||||
26 | "Taxable year" means the calendar year during which ad |
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1 | valorem property taxes
payable in the next succeeding year are | ||||||
2 | levied.
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3 | (c) Beginning in taxable year 1994, a senior citizens | ||||||
4 | assessment freeze
homestead exemption is granted for real | ||||||
5 | property that is improved with a
permanent structure that is | ||||||
6 | occupied as a residence by an applicant who (i) is
65 years of | ||||||
7 | age or older during the taxable year, (ii) has a household | ||||||
8 | income that does not exceed the maximum income limitation, | ||||||
9 | (iii) is liable for paying real property taxes on
the
| ||||||
10 | property, and (iv) is an owner of record of the property or has | ||||||
11 | a legal or
equitable interest in the property as evidenced by a | ||||||
12 | written instrument. This
homestead exemption shall also apply | ||||||
13 | to a leasehold interest in a parcel of
property improved with a | ||||||
14 | permanent structure that is a single family residence
that is | ||||||
15 | occupied as a residence by a person who (i) is 65 years of age | ||||||
16 | or older
during the taxable year, (ii) has a household income | ||||||
17 | that does not exceed the maximum income limitation,
(iii)
has | ||||||
18 | a legal or equitable ownership interest in the property as | ||||||
19 | lessee, and (iv)
is liable for the payment of real property | ||||||
20 | taxes on that property.
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21 | In counties of 3,000,000 or more inhabitants, the amount | ||||||
22 | of the exemption for all taxable years is the equalized | ||||||
23 | assessed value of the
residence in the taxable year for which | ||||||
24 | application is made minus the base
amount. In all other | ||||||
25 | counties, the amount of the exemption is as follows: (i) | ||||||
26 | through taxable year 2005 and for taxable year 2007 and |
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| |||||||
1 | thereafter, the amount of this exemption shall be the | ||||||
2 | equalized assessed value of the
residence in the taxable year | ||||||
3 | for which application is made minus the base
amount; and (ii) | ||||||
4 | for
taxable year 2006, the amount of the exemption is as | ||||||
5 | follows:
| ||||||
6 | (1) For an applicant who has a household income of | ||||||
7 | $45,000 or less, the amount of the exemption is the | ||||||
8 | equalized assessed value of the
residence in the taxable | ||||||
9 | year for which application is made minus the base
amount. | ||||||
10 | (2) For an applicant who has a household income | ||||||
11 | exceeding $45,000 but not exceeding $46,250, the amount of | ||||||
12 | the exemption is (i) the equalized assessed value of the
| ||||||
13 | residence in the taxable year for which application is | ||||||
14 | made minus the base
amount (ii) multiplied by 0.8. | ||||||
15 | (3) For an applicant who has a household income | ||||||
16 | exceeding $46,250 but not exceeding $47,500, the amount of | ||||||
17 | the exemption is (i) the equalized assessed value of the
| ||||||
18 | residence in the taxable year for which application is | ||||||
19 | made minus the base
amount (ii) multiplied by 0.6. | ||||||
20 | (4) For an applicant who has a household income | ||||||
21 | exceeding $47,500 but not exceeding $48,750, the amount of | ||||||
22 | the exemption is (i) the equalized assessed value of the
| ||||||
23 | residence in the taxable year for which application is | ||||||
24 | made minus the base
amount (ii) multiplied by 0.4. | ||||||
25 | (5) For an applicant who has a household income | ||||||
26 | exceeding $48,750 but not exceeding $50,000, the amount of |
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| |||||||
1 | the exemption is (i) the equalized assessed value of the
| ||||||
2 | residence in the taxable year for which application is | ||||||
3 | made minus the base
amount (ii) multiplied by 0.2.
| ||||||
4 | When the applicant is a surviving spouse of an applicant | ||||||
5 | for a prior year for
the same residence for which an exemption | ||||||
6 | under this Section has been granted,
the base year and base | ||||||
7 | amount for that residence are the same as for the
applicant for | ||||||
8 | the prior year.
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9 | Each year at the time the assessment books are certified | ||||||
10 | to the County Clerk,
the Board of Review or Board of Appeals | ||||||
11 | shall give to the County Clerk a list
of the assessed values of | ||||||
12 | improvements on each parcel qualifying for this
exemption that | ||||||
13 | were added after the base year for this parcel and that
| ||||||
14 | increased the assessed value of the property.
| ||||||
15 | In the case of land improved with an apartment building | ||||||
16 | owned and operated as
a cooperative or a building that is a | ||||||
17 | life care facility that qualifies as a
cooperative, the | ||||||
18 | maximum reduction from the equalized assessed value of the
| ||||||
19 | property is limited to the sum of the reductions calculated | ||||||
20 | for each unit
occupied as a residence by a person or persons | ||||||
21 | (i) 65 years of age or older, (ii) with a
household income that | ||||||
22 | does not exceed the maximum income limitation, (iii) who is | ||||||
23 | liable, by contract with the
owner
or owners of record, for | ||||||
24 | paying real property taxes on the property, and (iv) who is
an | ||||||
25 | owner of record of a legal or equitable interest in the | ||||||
26 | cooperative
apartment building, other than a leasehold |
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| |||||||
1 | interest. In the instance of a
cooperative where a homestead | ||||||
2 | exemption has been granted under this Section,
the cooperative | ||||||
3 | association or its management firm shall credit the savings
| ||||||
4 | resulting from that exemption only to the apportioned tax | ||||||
5 | liability of the
owner who qualified for the exemption. Any | ||||||
6 | person who willfully refuses to
credit that savings to an | ||||||
7 | owner who qualifies for the exemption is guilty of a
Class B | ||||||
8 | misdemeanor.
| ||||||
9 | When a homestead exemption has been granted under this | ||||||
10 | Section and an
applicant then becomes a resident of a facility | ||||||
11 | licensed under the Assisted Living and Shared Housing Act, the | ||||||
12 | Nursing Home
Care Act, the Specialized Mental Health | ||||||
13 | Rehabilitation Act of 2013, the ID/DD Community Care Act, or | ||||||
14 | the MC/DD Act, the exemption shall be granted in subsequent | ||||||
15 | years so long as the
residence (i) continues to be occupied by | ||||||
16 | the qualified applicant's spouse or
(ii) if remaining | ||||||
17 | unoccupied, is still owned by the qualified applicant for the
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18 | homestead exemption.
| ||||||
19 | Beginning January 1, 1997, when an individual dies who | ||||||
20 | would have qualified
for an exemption under this Section, and | ||||||
21 | the surviving spouse does not
independently qualify for this | ||||||
22 | exemption because of age, the exemption under
this Section | ||||||
23 | shall be granted to the surviving spouse for the taxable year
| ||||||
24 | preceding and the taxable
year of the death, provided that, | ||||||
25 | except for age, the surviving spouse meets
all
other | ||||||
26 | qualifications for the granting of this exemption for those |
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| |||||||
1 | years.
| ||||||
2 | When married persons maintain separate residences, the | ||||||
3 | exemption provided for
in this Section may be claimed by only | ||||||
4 | one of such persons and for only one
residence.
| ||||||
5 | For taxable year 1994 only, in counties having less than | ||||||
6 | 3,000,000
inhabitants, to receive the exemption, a person | ||||||
7 | shall submit an application by
February 15, 1995 to the Chief | ||||||
8 | County Assessment Officer
of the county in which the property | ||||||
9 | is located. In counties having 3,000,000
or more inhabitants, | ||||||
10 | for taxable year 1994 and all subsequent taxable years, to
| ||||||
11 | receive the exemption, a person
may submit an application to | ||||||
12 | the Chief County
Assessment Officer of the county in which the | ||||||
13 | property is located during such
period as may be specified by | ||||||
14 | the Chief County Assessment Officer. The Chief
County | ||||||
15 | Assessment Officer in counties of 3,000,000 or more | ||||||
16 | inhabitants shall
annually give notice of the application | ||||||
17 | period by mail or by publication. In
counties having less than | ||||||
18 | 3,000,000 inhabitants, beginning with taxable year
1995 and | ||||||
19 | thereafter, to receive the exemption, a person
shall
submit an
| ||||||
20 | application by July 1 of each taxable year to the Chief County | ||||||
21 | Assessment
Officer of the county in which the property is | ||||||
22 | located. A county may, by
ordinance, establish a date for | ||||||
23 | submission of applications that is
different than
July 1.
The | ||||||
24 | applicant shall submit with the
application an affidavit of | ||||||
25 | the applicant's total household income, age,
marital status | ||||||
26 | (and if married the name and address of the applicant's |
| |||||||
| |||||||
1 | spouse,
if known), and principal dwelling place of members of | ||||||
2 | the household on January
1 of the taxable year. The Department | ||||||
3 | shall establish, by rule, a method for
verifying the accuracy | ||||||
4 | of affidavits filed by applicants under this Section, and the | ||||||
5 | Chief County Assessment Officer may conduct audits of any | ||||||
6 | taxpayer claiming an exemption under this Section to verify | ||||||
7 | that the taxpayer is eligible to receive the exemption. Each | ||||||
8 | application shall contain or be verified by a written | ||||||
9 | declaration that it is made under the penalties of perjury. A | ||||||
10 | taxpayer's signing a fraudulent application under this Act is | ||||||
11 | perjury, as defined in Section 32-2 of the Criminal Code of | ||||||
12 | 2012.
The applications shall be clearly marked as applications | ||||||
13 | for the Senior
Citizens Assessment Freeze Homestead Exemption | ||||||
14 | and must contain a notice that any taxpayer who receives the | ||||||
15 | exemption is subject to an audit by the Chief County | ||||||
16 | Assessment Officer.
| ||||||
17 | Notwithstanding any other provision to the contrary, in | ||||||
18 | counties having fewer
than 3,000,000 inhabitants, if an | ||||||
19 | applicant fails
to file the application required by this | ||||||
20 | Section in a timely manner and this
failure to file is due to a | ||||||
21 | mental or physical condition sufficiently severe so
as to | ||||||
22 | render the applicant incapable of filing the application in a | ||||||
23 | timely
manner, the Chief County Assessment Officer may extend | ||||||
24 | the filing deadline for
a period of 30 days after the applicant | ||||||
25 | regains the capability to file the
application, but in no case | ||||||
26 | may the filing deadline be extended beyond 3
months of the |
| |||||||
| |||||||
1 | original filing deadline. In order to receive the extension
| ||||||
2 | provided in this paragraph, the applicant shall provide the | ||||||
3 | Chief County
Assessment Officer with a signed statement from | ||||||
4 | the applicant's physician, advanced practice registered nurse, | ||||||
5 | or physician assistant
stating the nature and extent of the | ||||||
6 | condition, that, in the
physician's, advanced practice | ||||||
7 | registered nurse's, or physician assistant's opinion, the | ||||||
8 | condition was so severe that it rendered the applicant
| ||||||
9 | incapable of filing the application in a timely manner, and | ||||||
10 | the date on which
the applicant regained the capability to | ||||||
11 | file the application.
| ||||||
12 | Beginning January 1, 1998, notwithstanding any other | ||||||
13 | provision to the
contrary, in counties having fewer than | ||||||
14 | 3,000,000 inhabitants, if an applicant
fails to file the | ||||||
15 | application required by this Section in a timely manner and
| ||||||
16 | this failure to file is due to a mental or physical condition | ||||||
17 | sufficiently
severe so as to render the applicant incapable of | ||||||
18 | filing the application in a
timely manner, the Chief County | ||||||
19 | Assessment Officer may extend the filing
deadline for a period | ||||||
20 | of 3 months. In order to receive the extension provided
in this | ||||||
21 | paragraph, the applicant shall provide the Chief County | ||||||
22 | Assessment
Officer with a signed statement from the | ||||||
23 | applicant's physician, advanced practice registered nurse, or | ||||||
24 | physician assistant stating the
nature and extent of the | ||||||
25 | condition, and that, in the physician's, advanced practice | ||||||
26 | registered nurse's, or physician assistant's opinion, the
|
| |||||||
| |||||||
1 | condition was so severe that it rendered the applicant | ||||||
2 | incapable of filing the
application in a timely manner.
| ||||||
3 | In counties having less than 3,000,000 inhabitants, if an | ||||||
4 | applicant was
denied an exemption in taxable year 1994 and the | ||||||
5 | denial occurred due to an
error on the part of an assessment
| ||||||
6 | official, or his or her agent or employee, then beginning in | ||||||
7 | taxable year 1997
the
applicant's base year, for purposes of | ||||||
8 | determining the amount of the exemption,
shall be 1993 rather | ||||||
9 | than 1994. In addition, in taxable year 1997, the
applicant's | ||||||
10 | exemption shall also include an amount equal to (i) the amount | ||||||
11 | of
any exemption denied to the applicant in taxable year 1995 | ||||||
12 | as a result of using
1994, rather than 1993, as the base year, | ||||||
13 | (ii) the amount of any exemption
denied to the applicant in | ||||||
14 | taxable year 1996 as a result of using 1994, rather
than 1993, | ||||||
15 | as the base year, and (iii) the amount of the exemption | ||||||
16 | erroneously
denied for taxable year 1994.
| ||||||
17 | For purposes of this Section, a person who will be 65 years | ||||||
18 | of age during the
current taxable year shall be eligible to | ||||||
19 | apply for the homestead exemption
during that taxable year. | ||||||
20 | Application shall be made during the application
period in | ||||||
21 | effect for the county of his or her residence.
| ||||||
22 | The Chief County Assessment Officer may determine the | ||||||
23 | eligibility of a life
care facility that qualifies as a | ||||||
24 | cooperative to receive the benefits
provided by this Section | ||||||
25 | by use of an affidavit, application, visual
inspection, | ||||||
26 | questionnaire, or other reasonable method in order to insure |
| |||||||
| |||||||
1 | that
the tax savings resulting from the exemption are credited | ||||||
2 | by the management
firm to the apportioned tax liability of | ||||||
3 | each qualifying resident. The Chief
County Assessment Officer | ||||||
4 | may request reasonable proof that the management firm
has so | ||||||
5 | credited that exemption.
| ||||||
6 | Except as provided in this Section, all information | ||||||
7 | received by the chief
county assessment officer or the | ||||||
8 | Department from applications filed under this
Section, or from | ||||||
9 | any investigation conducted under the provisions of this
| ||||||
10 | Section, shall be confidential, except for official purposes | ||||||
11 | or
pursuant to official procedures for collection of any State | ||||||
12 | or local tax or
enforcement of any civil or criminal penalty or | ||||||
13 | sanction imposed by this Act or
by any statute or ordinance | ||||||
14 | imposing a State or local tax. Any person who
divulges any such | ||||||
15 | information in any manner, except in accordance with a proper
| ||||||
16 | judicial order, is guilty of a Class A misdemeanor.
| ||||||
17 | Nothing contained in this Section shall prevent the | ||||||
18 | Director or chief county
assessment officer from publishing or | ||||||
19 | making available reasonable statistics
concerning the | ||||||
20 | operation of the exemption contained in this Section in which
| ||||||
21 | the contents of claims are grouped into aggregates in such a | ||||||
22 | way that
information contained in any individual claim shall | ||||||
23 | not be disclosed. | ||||||
24 | Notwithstanding any other provision of law, for taxable | ||||||
25 | year 2017 and thereafter, in counties of 3,000,000 or more | ||||||
26 | inhabitants, the amount of the exemption shall be the greater |
| |||||||
| |||||||
1 | of (i) the amount of the exemption otherwise calculated under | ||||||
2 | this Section or (ii) $2,000.
| ||||||
3 | (c-5) Notwithstanding any other provision of law, each | ||||||
4 | chief county assessment officer may approve this exemption for | ||||||
5 | the 2020 taxable year, without application, for any property | ||||||
6 | that was approved for this exemption for the 2019 taxable | ||||||
7 | year, provided that: | ||||||
8 | (1) the county board has declared a local disaster as | ||||||
9 | provided in the Illinois Emergency Management Agency Act | ||||||
10 | related to the COVID-19 public health emergency; | ||||||
11 | (2) the owner of record of the property as of January | ||||||
12 | 1, 2020 is the same as the owner of record of the property | ||||||
13 | as of January 1, 2019; | ||||||
14 | (3) the exemption for the 2019 taxable year has not | ||||||
15 | been determined to be an erroneous exemption as defined by | ||||||
16 | this Code; and | ||||||
17 | (4) the applicant for the 2019 taxable year has not | ||||||
18 | asked for the exemption to be removed for the 2019 or 2020 | ||||||
19 | taxable years. | ||||||
20 | Nothing in this subsection shall preclude or impair the | ||||||
21 | authority of a chief county assessment officer to conduct | ||||||
22 | audits of any taxpayer claiming an exemption under this | ||||||
23 | Section to verify that the taxpayer is eligible to receive the | ||||||
24 | exemption as provided elsewhere in this Section. | ||||||
25 | (d) Each Chief County Assessment Officer shall annually | ||||||
26 | publish a notice
of availability of the exemption provided |
| |||||||
| |||||||
1 | under this Section. The notice
shall be published at least 60 | ||||||
2 | days but no more than 75 days prior to the date
on which the | ||||||
3 | application must be submitted to the Chief County Assessment
| ||||||
4 | Officer of the county in which the property is located. The | ||||||
5 | notice shall
appear in a newspaper of general circulation in | ||||||
6 | the county.
| ||||||
7 | Notwithstanding Sections 6 and 8 of the State Mandates | ||||||
8 | Act, no reimbursement by the State is required for the | ||||||
9 | implementation of any mandate created by this Section.
| ||||||
10 | (Source: P.A. 100-401, eff. 8-25-17; 100-513, eff. 1-1-18; | ||||||
11 | 100-863, eff. 8-14-18; 101-635, eff. 6-5-20.) | ||||||
12 | Section 10. The Senior Citizens Real Estate Tax Deferral | ||||||
13 | Act is amended by changing Section 2 as follows:
| ||||||
14 | (320 ILCS 30/2) (from Ch. 67 1/2, par. 452)
| ||||||
15 | Sec. 2. Definitions. As used in this Act:
| ||||||
16 | (a) "Taxpayer" means an individual whose household income | ||||||
17 | for the year
is no greater than: (i) $40,000 through tax year | ||||||
18 | 2005; (ii) $50,000 for tax years 2006 through 2011; and (iii) | ||||||
19 | $55,000 for tax years year 2012 through 2018; and (iv) $75,000 | ||||||
20 | for tax year 2019 and thereafter.
| ||||||
21 | (b) "Tax deferred property" means the property upon which | ||||||
22 | real
estate taxes are deferred under this Act.
| ||||||
23 | (c) "Homestead" means the land and buildings thereon, | ||||||
24 | including a
condominium or a dwelling unit in a multidwelling |
| |||||||
| |||||||
1 | building that is owned and
operated as a cooperative, occupied | ||||||
2 | by the taxpayer as his residence or which
are temporarily | ||||||
3 | unoccupied by the taxpayer because such taxpayer is | ||||||
4 | temporarily
residing, for not more than 1 year, in a licensed | ||||||
5 | facility as defined in
Section 1-113 of the Nursing Home Care | ||||||
6 | Act.
| ||||||
7 | (d) "Real estate taxes" or "taxes" means the taxes on real | ||||||
8 | property for
which the taxpayer would be liable under the | ||||||
9 | Property Tax Code, including special service area taxes, and | ||||||
10 | special assessments on
benefited real property for which the | ||||||
11 | taxpayer would be liable to a unit of
local government.
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12 | (e) "Department" means the Department of Revenue.
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13 | (f) "Qualifying property" means a homestead which (a) the | ||||||
14 | taxpayer or the
taxpayer and his spouse own in fee simple or | ||||||
15 | are purchasing in fee simple under
a recorded instrument of | ||||||
16 | sale, (b) is not income-producing property, (c) is not
subject | ||||||
17 | to a lien for unpaid real estate taxes when a claim under this | ||||||
18 | Act is
filed, and (d) is not held in trust, other than an | ||||||
19 | Illinois land trust with the taxpayer identified as the sole | ||||||
20 | beneficiary, if the taxpayer is filing for the program for the | ||||||
21 | first time effective as of the January 1, 2011 assessment year | ||||||
22 | or tax year 2012 and thereafter.
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23 | (g) "Equity interest" means the current assessed valuation | ||||||
24 | of the qualified
property times the fraction necessary to | ||||||
25 | convert that figure to full market
value minus any outstanding | ||||||
26 | debts or liens on that property. In the case of
qualifying |
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1 | property not having a separate assessed valuation, the | ||||||
2 | appraised
value as determined by a qualified real estate | ||||||
3 | appraiser shall be used instead
of the current assessed | ||||||
4 | valuation.
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5 | (h) "Household income" has the meaning ascribed to that | ||||||
6 | term in the Senior
Citizens and Persons with Disabilities | ||||||
7 | Property Tax Relief
Act.
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8 | (i) "Collector" means the county collector or, if the | ||||||
9 | taxes to be deferred
are special assessments, an official | ||||||
10 | designated by a unit of local government
to collect special | ||||||
11 | assessments.
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12 | (Source: P.A. 99-143, eff. 7-27-15.)
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