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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 16-185 as follows:
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| 6 | (35 ILCS 200/16-185)
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| 7 | Sec. 16-185. Decisions. The Board shall make a decision in | ||||||
| 8 | each appeal or
case appealed to it, and the decision shall be | ||||||
| 9 | based upon equity and the weight
of evidence and not upon | ||||||
| 10 | constructive fraud, and shall be binding upon
appellant and | ||||||
| 11 | officials of government. The decision shall be made within 365 | ||||||
| 12 | days after the date the appeal was received by the Board. The | ||||||
| 13 | extension of taxes on any
assessment so appealed shall not be | ||||||
| 14 | delayed by any proceeding before the Board,
and, in case the | ||||||
| 15 | assessment is altered by the Board, any taxes extended upon
the | ||||||
| 16 | unauthorized assessment or part thereof shall be abated, or, if | ||||||
| 17 | already
paid, shall be refunded with interest as provided in | ||||||
| 18 | Section 23-20.
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| 19 | The decision or order of the Property Tax Appeal Board in | ||||||
| 20 | any such
appeal, shall, within 10 days thereafter, be certified | ||||||
| 21 | at no charge to
the appellant and to the proper authorities, | ||||||
| 22 | including the board of
review or board of appeals whose | ||||||
| 23 | decision was appealed, the county clerk
who extends taxes
upon | ||||||
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| 1 | the assessment in question, and the county collector who | ||||||
| 2 | collects
property taxes upon such assessment.
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| 3 | If the Property Tax Appeal Board renders a decision | ||||||
| 4 | lowering the
assessment of a particular parcel after the | ||||||
| 5 | deadline for filing complaints
with the board of review or | ||||||
| 6 | board of appeals or after adjournment of the
session of
the | ||||||
| 7 | board of review or board of appeals at which assessments for | ||||||
| 8 | the
subsequent year are
being considered, the taxpayer may, | ||||||
| 9 | within 30 days after the date of
written notice of the Property | ||||||
| 10 | Tax Appeal Board's decision, appeal the
assessment for the | ||||||
| 11 | subsequent year directly to the Property Tax
Appeal Board.
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| 12 | If the Property Tax Appeal Board renders a decision | ||||||
| 13 | lowering the
assessment of a particular parcel on which a | ||||||
| 14 | residence
occupied by the
owner is situated, such reduced | ||||||
| 15 | assessment, subject to equalization, shall
remain in effect for | ||||||
| 16 | the remainder of the general assessment period as provided
in | ||||||
| 17 | Sections 9-215 through 9-225, unless that parcel is | ||||||
| 18 | subsequently sold in
an arm's length transaction establishing a | ||||||
| 19 | fair cash value for the parcel that
is different from the fair | ||||||
| 20 | cash value on which the Board's assessment is
based, or unless | ||||||
| 21 | the decision of the Property Tax Appeal Board is reversed
or | ||||||
| 22 | modified upon review.
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| 23 | (Source: P.A. 88-455; 88-660, eff. 9-16-94; 89-671, eff. | ||||||
| 24 | 8-14-96.)
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| 25 | Section 99. Effective date. This Act takes effect January | ||||||
| 26 | 1, 2012.
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