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92nd General Assembly

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Public Act 92-0301

HB3292 Enrolled                                LRB9205816SMdv

    AN ACT in relation to taxes.

    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
Sections 8-55, 10-110, and 10-135 as follows:

    (35 ILCS 200/8-55)
    Sec. 8-55.  Office of appraisals.  Within the Department,
an  Office  of  Appraisals  shall  assist  local   government
assessment  officials,  in  counties  of  less than 3,000,000
inhabitants, with  appraisal  of  commercial  and  industrial
properties having an assessment, prior to equalization by the
Department,  of  $350,000  or more.  The Office of Appraisals
shall be  staffed  by  10  or  more  professional  appraisers
qualified  by  experience  and  education  as required by the
Department.
    The Office shall  provide  assistance  to  assessors  and
Supervisors  of  Assessments  having  a  complaint  or appeal
relating to the property to be appraised pending  before  the
Board of Review or the State Property Tax Appeal Board.  Such
assistance  shall  be  provided  upon  request, pursuant to a
written agreement between the Department  and  the  assessing
official making the request, specifying the project involved,
the  time  frame for making the appraisal, the purpose of the
appraisal and the responsibilities of the parties,  including
agreement  by the local assessing official that the appraisal
will be accepted and utilized in  the  pending  complaint  or
appeal.
(Source: P.A. 84-1454; 88-455.)

    (35 ILCS 200/10-110)
    Sec.  10-110.  Farmland.  The equalized assessed value of
a farm, as defined in Section 1-60 and if used as a farm  for
the  2  preceding  years, except tracts subject to assessment
under Section 10-145, shall be  determined  as  described  in
Sections    10-115   through   10-140.   To   assure   proper
implementation  of  Sections  10-110  through   10-140,   the
Department  may  withhold non-farm multipliers for any county
other than a county with more than 3,000,000 inhabitants that
classifies property for tax purposes.
(Source: P.A. 86-954; 88-455.)

    (35 ILCS 200/10-135)
    Sec. 10-135.  Farmland not subject to  equalization.  The
assessed valuation of farmland assessed under Sections 10-110
through  10-130 shall not be subject to equalization by means
of State equalization factors.  Equalization factors  applied
by  a  chief  county  assessment officer or a Board of Review
under  Sections  9-205  and  16-60  shall   be   applied   to
assessments  of  farmland  only  to  achieve  assessments  as
required  by Sections 10-110 through 10-130. To assure proper
implementation of this Section, the Department  may  withhold
non-farm  multipliers to any county, other than a county with
more than 3,000,000 inhabitants which classifies property for
tax purposes.
(Source: P.A. 86-954; 88-455.)
    Passed in the General Assembly May 15, 2001.
    Approved August 09, 2001.

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