093_HB3080
LRB093 05910 SJM 06007 b
1 AN ACT concerning assessor's compensation.
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 4-20 as follows:
6 (35 ILCS 200/4-20)
7 Sec. 4-20. Additional compensation based on performance.
8 Any assessor in counties with less than 3,000,000 but more
9 than 50,000 inhabitants each year may petition the Department
10 to receive additional compensation based on performance. To
11 receive additional compensation, the official's assessment
12 jurisdiction must meet the following criteria:
13 (1) the median level of assessment must be no more
14 than 35 1/3% and no less than 31 1/3% of fair cash value
15 of property in his or her assessment jurisdiction; and
16 (2) the coefficient of dispersion must not be
17 greater than 15%.
18 For purposes of this Section, "coefficient of dispersion"
19 means the average deviation of all assessments from the
20 median level. For purposes of this Section, the number of
21 inhabitants shall be determined by the latest federal
22 decennial or special census of the county. When the most
23 recent census shows an increase in inhabitants to over
24 50,000, then the assessment year used to compute the
25 coefficient of dispersion and median levels of assessment is
26 the year that determines qualification for additional
27 compensation. The Department will promulgate rules and
28 regulations to determine whether an assessor meets these
29 criteria.
30 Any assessor in a county of less than 50,000 inhabitants
31 may petition the Department for consideration to receive
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1 additional compensation each year based on performance. In
2 order to receive the additional compensation, the assessments
3 in the official's assessment jurisdiction must meet the
4 following criteria: (i) the median level of assessments must
5 be no more than 35 1/3% and no less than 31 1/3% of fair cash
6 value of property in his or her assessment jurisdiction; and
7 (ii) the coefficient of dispersion must not be greater than
8 40% in 1994, 38% in 1995, 36% in 1996, 34% in 1997, 32% in
9 1998, and 30% in 1999 and every year thereafter.
10 Real estate transfer declarations used by the Department
11 in annual sales-assessment ratio studies will be used to
12 evaluate applications for additional compensation. The
13 Department will audit other property to determine if the
14 sales-assessment ratio study data is representative of the
15 assessment jurisdiction. If the ratio study is found not
16 representative, appraisals and other information may be
17 utilized. If the ratio study is representative, upon
18 certification by the Department, the assessor shall receive
19 additional compensation of $3,000 for that year, to be paid
20 out of funds appropriated to the Department.
21 As used in this Section, "assessor" means any township or
22 multi-township assessor, or supervisor of assessments.
23 (Source: P.A. 88-455; incorporates 88-221; 88-670, eff.
24 12-2-94.)