Illinois General Assembly - Full Text of HB5171
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Full Text of HB5171  95th General Assembly



State of Illinois
2007 and 2008


Introduced , by Rep. Harry Osterman


35 ILCS 200/9-270

    Amends the Property Tax Code. Makes a technical change in a Section concerning limitations on the assessments for omitted property.

LRB095 19032 BDD 45209 b





HB5171 LRB095 19032 BDD 45209 b

1     AN ACT concerning revenue.
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 9-270 as follows:
6     (35 ILCS 200/9-270)
7     Sec. 9-270. Omitted property; limitations on assessment. A
8 charge for tax and interest for previous years, as provided in
9 Sections 9-265 or 14-40, shall not be made against any property
10 for years prior to the the date of ownership of the person
11 owning the property at the time the liability for the omitted
12 tax was first ascertained. Ownership as used in this section
13 shall be held to refer to bona fide legal and equitable titles
14 or interests acquired for value and without notice of the tax,
15 as may appear by deed, deed of trust, mortgage, certificate of
16 purchase or sale, or other form of contract. No charge for tax
17 of previous years, as provided in Section 9-265, shall be made
18 against any property if (a) the property was last assessed as
19 unimproved, (b) the owner of the property gave notice of
20 subsequent improvements and requested a reassessment as
21 required by Section 9-180, and (c) reassessment of the property
22 was not made within the 16 month period immediately following
23 the receipt of that notice. The owner of property, if known,



HB5171 - 2 - LRB095 19032 BDD 45209 b

1 assessed under this and the preceding section shall be notified
2 by the county assessor, board of review or Department, as the
3 case may require.
4 (Source: P.A. 86-359; 88-455.)