Illinois General Assembly - Illinois Compiled Statutes

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35 ILCS 200/18-115

(35 ILCS 200/18-115)

Sec. 18-115.

Use of equalized assessed valuation.

The equalized
assessed value of all property, as determined under this Code, after
equalization by the Department, shall be the assessed valuation for all
purposes of taxation, limitation of taxation, and limitation of indebtedness
prescribed in any statute.

(Source: P.A. 86-233; 86-953; 86-957; 86-1475; 87-17; 87-477; 87-895;
88-455.)