093_HB3080re-enr

 
HB3080 Re-Enrolled                   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  census.   When  the  most  recent  census shows an
23    increase in inhabitants to  over  50,000  or  a  decrease  to
24    50,000 or fewer, then the assessment year used to compute the
25    coefficient  of  dispersion  and  the most recent year of the
26    3-year  average  level  of  assessments  is  the  year   that
27    determines  qualification  for  additional  compensation. The
28    Department will promulgate rules and regulations to determine
29    whether an assessor meets these criteria.
30        Any assessor in a county of less  than  50,000  or  fewer
31    inhabitants  may petition the Department for consideration to
 
HB3080 Re-Enrolled             -2-   LRB093 05910 SJM 06007 b
 1    receive  additional   compensation   each   year   based   on
 2    performance. In order to receive the additional compensation,
 3    the  assessments  in  the  official's assessment jurisdiction
 4    must meet the following criteria: (i)  the  median  level  of
 5    assessments  must  be  no  more than 35 1/3% and no less than
 6    31 1/3% of  fair  cash  value  of  property  in  his  or  her
 7    assessment   jurisdiction;   and   (ii)  the  coefficient  of
 8    dispersion must not be greater than 40% in 1994, 38% in 1995,
 9    36% in 1996, 34% in 1997, 32% in 1998, and 30%  in  1999  and
10    every year thereafter.
11        Real  estate transfer declarations used by the Department
12    in annual sales-assessment ratio  studies  will  be  used  to
13    evaluate   applications   for  additional  compensation.  The
14    Department will audit other  property  to  determine  if  the
15    sales-assessment  ratio  study  data is representative of the
16    assessment jurisdiction.  If the ratio  study  is  found  not
17    representative,  appraisals  and  other  information  may  be
18    utilized.    If  the  ratio  study  is  representative,  upon
19    certification by the Department, the assessor  shall  receive
20    additional  compensation  of $3,000 for that year, to be paid
21    out of funds appropriated to the Department.
22        As used in this Section, "assessor" means any township or
23    multi-township assessor, or supervisor of assessments.
24    (Source:  P.A.  88-455;  incorporates  88-221;  88-670,  eff.
25    12-2-94.)