103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB3439

 

Introduced 2/17/2023, by Rep. Amy Elik

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/9-155
35 ILCS 200/9-160
35 ILCS 200/9-162 new

    Amends the Property Tax Code. Provides that, beginning in tax year 2025, each chief county assessment officer shall establish a rolling 3-year assessment period for property. Effective immediately.


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A BILL FOR

 

HB3439LRB103 04935 HLH 49945 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Sections 9-155 and 9-160 and by adding Section 9-162 as
6follows:
 
7    (35 ILCS 200/9-155)
8    Sec. 9-155. Valuation in general assessment years. On or
9before June 1 in each general assessment year in all counties
10with less than 3,000,000 inhabitants, and as soon as he or she
11reasonably can in each general assessment year in counties
12with 3,000,000 or more inhabitants, or if any such county is
13divided into assessment districts as provided in Sections
149-215 through 9-225, as soon as he or she reasonably can in
15each general assessment year in those districts, the assessor,
16in person or by deputy, shall actually view and determine as
17near as practicable the value of each property listed for
18taxation as of January 1 of that year, or as provided in
19Section 9-180, and assess the property at 33 1/3% of its fair
20cash value, or in accordance with Sections 10-110 through
2110-140 and 10-170 through 10-200, or in accordance with a
22county ordinance adopted under Section 4 of Article IX of the
23Constitution of Illinois. The assessor or deputy shall set

 

 

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1down, in the books furnished for that purpose the assessed
2valuation of properties in one column, the assessed value of
3improvements in another, and the total valuation in a separate
4column.
5    This Section applies before assessment year 2025.
6(Source: P.A. 86-1481; 87-1189; 88-455.)
 
7    (35 ILCS 200/9-160)
8    Sec. 9-160. Valuation in years other than general
9assessment years. On or before June 1 in each year other than
10the general assessment year, in all counties with less than
113,000,000 inhabitants, and as soon as he or she reasonably can
12in counties with 3,000,000 or more inhabitants, the assessor
13shall list and assess all property which becomes taxable and
14which is not upon the general assessment, and also make and
15return a list of all new or added buildings, structures or
16other improvements of any kind, the value of which had not been
17previously added to or included in the valuation of the
18property on which such improvements have been made, specifying
19the property on which each of the improvements has been made,
20the kind of improvement and the value which, in his or her
21opinion, has been added to the property by the improvements.
22The assessment shall also include or exclude, on a
23proportionate basis in accordance with the provisions of
24Section 9-180, all new or added buildings, structures or other
25improvements, the value of which was not included in the

 

 

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1valuation of the property for that year, and all improvements
2which were destroyed or removed. In case of the destruction or
3injury by fire, flood, cyclone, storm or otherwise, or removal
4of any structures of any kind, or of the destruction of or any
5injury to orchard timber, ornamental trees or groves, the
6value of which has been included in any former valuation of the
7property, the assessor shall determine as near as practicable
8how much the value of the property has been diminished, and
9make return thereof.
10    Beginning January 1, 1996, the authority within a unit of
11local government that is responsible for issuing building or
12occupancy permits shall notify the chief county assessment
13officer, by December 31 of the assessment year, when a full or
14partial occupancy permit has been issued for a parcel of real
15property. The chief county assessment officer shall include in
16the assessment of the property for the current year the
17proportionate value of new or added improvements on that
18property from the date the occupancy permit was issued or from
19the date the new or added improvement was inhabitable and fit
20for occupancy or for intended customary use until December 31
21of that year. If the chief county assessment officer has
22already certified the books for the year, the board of review
23or interim board of review shall assess the new or added
24improvements on a proportionate basis for the year in which
25the occupancy permit was issued or the new or added
26improvement was inhabitable and fit for occupancy or for

 

 

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1intended customary use. The proportionate value of the new or
2added improvements may be assessed by the board of review or
3interim board of review as omitted property pursuant to
4Sections 9-265, 9-270, 16-50 and 16-140 in a subsequent year
5on a proportionate basis for the year in which the occupancy
6permit was issued or the new or added improvement was
7inhabitable and fit for occupancy or for intended customary
8use if it was not assessed in that year.
9    This Section applies before assessment year 2025.
10(Source: P.A. 91-486, eff. 1-1-00.)
 
11    (35 ILCS 200/9-162 new)
12    Sec. 9-162. 3-year assessment period established. This
13Section applies in tax year 2025 and thereafter.
14    Beginning in tax year 2025, each chief county assessment
15officer shall establish a rolling 3-year assessment period for
16property. On or before June 1 of each year, the assessor, in
17person or by deputy, shall actually view and determine, as
18near as practicable, the value of each property listed for
19taxation for that tax year and determine 33 1/3% of the
20property's fair cash value, or, if the property is not
21required to be assessed at 33 1/3% of the property's fair cash
22value, the property's appropriate statutory level of
23assessment. The assessor or deputy shall set down, in the
24books furnished for that purpose the assessed valuation of
25properties in one column, the assessed value of improvements

 

 

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1in another, and the total valuation in a separate column. The
2assessed value of the property shall then be determined by
3calculating the average value of the property for the current
4tax year and the 2 immediately preceding tax years.
 
5    Section 99. Effective date. This Act takes effect upon
6becoming law.