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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
SB3135
Introduced 2/6/2004, by Don Harmon SYNOPSIS AS INTRODUCED:
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Amends the Property Tax Code in the provisions dealing with the Board of Review in counties of 3,000,000 or more in habitants. Provides that a commercial building owner who has an agreement with a municipality that contains representations made at public municipal hearings that the building shall be fully leased may not file a complaint to the Board of Review requesting a reduction in assessment for any tax year based on the buildings occupancy rate (currently, no prohibition). Provides that commercial building owner may file a complaint for any other valid reason.
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A BILL FOR
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SB3135 |
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SDS093 00055 LMT 40006 b |
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| AN ACT concerning Property Tax.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Property Tax Code is amended by changing |
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| Section 16-115 as follows:
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| (35 ILCS 200/16-115)
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| Sec. 16-115. Filing complaints. In counties with 3,000,000 |
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| or more
inhabitants, complaints that any property is |
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| overassessed or underassessed or
is exempt may be made by any |
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| taxpayer. A commercial building owner who has entered with a |
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| municipality into an agreement that includes provisions or is |
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| based on representations made at public, municipal hearings |
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| that the property shall be fully leased under a master lease |
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| may not request from the Board of Review a reduction in the |
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| property tax assessment of the building for any tax year based |
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| on the building's occupancy rate. This prohibition does not |
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| prevent a commercial building owner from seeking a reduction in |
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| property tax assessments from the Board of Review for any other |
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| valid reason. Complaints that any property is
overassessed or |
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| underassessed or is exempt may be made by a taxing district
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| that has an interest in the assessment to
a board of review. |
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| All complaints
shall be in writing,
identify and describe the |
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| particular property, otherwise comply with the rules
in force, |
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| be signed by the complaining party or his or her attorney, and |
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| be
filed with the board of appeals
(until the first Monday in |
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| December 1998 and the board of review
beginning the first |
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| Monday in December 1998 and thereafter)
in at least duplicate. |
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| The board
shall forward one copy of each complaint to the |
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| county assessor.
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| Complaints by taxpayers and taxing districts and |
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| certificates of
correction by the county assessor
as provided |
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| in this Code shall be filed with the board according to
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