Public Act 103-0083
 
SB1225 EnrolledLRB103 27166 HLH 53536 b

    AN ACT concerning revenue.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Property Tax Code is amended by changing
Section 10-35 as follows:
 
    (35 ILCS 200/10-35)
    Sec. 10-35. Subdivision common areas.
    (a) Residential property which is part of a development,
but which is individually owned and ownership of which
includes the right, by easement, covenant, deed or other
interest in property, to the use of any common area for
recreational or similar residential purposes shall be assessed
at a value which includes the proportional share of the value
of that common area or areas.
    Property is used as a "common area or areas" under this
Section if it is a lot, parcel, or area, the beneficial use and
enjoyment of which is reserved in whole as an appurtenance to
the separately owned lots, parcels, or areas within the
planned development.
    The common area or areas which are used for recreational
or similar residential purposes and which are assessed to a
separate owner and are located on separately identified
parcels, shall be listed for assessment purposes at $1 per
year.
    (b) In counties with 3,000,000 or more inhabitants, any
person desiring to establish or to reestablish an assessment
of $1 for any parcel on the grounds of common area status under
this Section shall submit an application for the assessment to
the assessor. The application shall be submitted at the time
within which other applications for revisions of assessment
may be made under Section 14-35 by taxpayers in the township
where the parcel is located, and shall be in the form and
accompanied by documentation, as the assessor may require.
    (b-5) In counties with fewer than 3,000,000 inhabitants,
the chief county assessment officer may require any person
desiring to establish or reestablish an assessment of $1 for
any parcel on the grounds of common area status under this
Section to submit an application for the assessment to the
chief county assessment officer. The application shall be
submitted no later than June 30 of the year for which the
assessment is sought and shall be in the form and accompanied
by documentation that the chief county assessment officer
requires.
    (c) If a $1 assessment is established pursuant to the
application it may be maintained from year to year so long as
the ownership or use of the parcel has not changed. When any
change in ownership, use or other relevant fact occurs it
shall be the duty of the new owner in cases of change in
ownership, or of the current owner in all other cases, to
notify the assessor in writing within 30 days of the change.
The notice shall be sent by certified mail, return receipt
requested, and shall include the name and address of the
taxpayer, the legal description of the property, and the
permanent index number of the property where such number
exists. If the failure to give such notification results in
the assessor continuing to assess the property at $1 in
subsequent years in error, the property shall be considered
omitted property under Section 9-265. Nothing in this Section
shall be construed to limit the assessor's authority to
annually revise assessments subject to this Section under the
procedures of Section 9-85.
    (d) No objection shall be made to the denial of an
assessment of $1 under this Section in any court except under
Sections 21-175 and 23-5. No person may object to or otherwise
challenge the failure of any parcel to receive an assessment
of $1 under this Section in any proceeding in any court unless
an application for the $1 assessment was made under
subsections subsection (b) and (b-5) of this Section.
(Source: P.A. 85-1386; 88-455.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 6/9/2023