Illinois 2023-2024 Regular Session

Illinois House Bill HB3439 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3439 Introduced , 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. LRB103 04935 HLH 49945 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3439 Introduced , by Rep. Amy Elik SYNOPSIS AS INTRODUCED: 35 ILCS 200/9-155 35 ILCS 200/9-160 35 ILCS 200/9-162 new 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. LRB103 04935 HLH 49945 b LRB103 04935 HLH 49945 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3439 Introduced , by Rep. Amy Elik SYNOPSIS AS INTRODUCED:
3	3	35 ILCS 200/9-155 35 ILCS 200/9-160 35 ILCS 200/9-162 new 35 ILCS 200/9-155 35 ILCS 200/9-160 35 ILCS 200/9-162 new
4	4	35 ILCS 200/9-155
5	5	35 ILCS 200/9-160
6	6	35 ILCS 200/9-162 new
7	7	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.
8	8	LRB103 04935 HLH 49945 b LRB103 04935 HLH 49945 b
9	9	LRB103 04935 HLH 49945 b
10	10	A BILL FOR
11	11	HB3439LRB103 04935 HLH 49945 b HB3439 LRB103 04935 HLH 49945 b
12	12	HB3439 LRB103 04935 HLH 49945 b
13	13	1 AN ACT concerning revenue.
14	14	2 Be it enacted by the People of the State of Illinois,
15	15	3 represented in the General Assembly:
16	16	4 Section 5. The Property Tax Code is amended by changing
17	17	5 Sections 9-155 and 9-160 and by adding Section 9-162 as
18	18	6 follows:
19	19	7 (35 ILCS 200/9-155)
20	20	8 Sec. 9-155. Valuation in general assessment years. On or
21	21	9 before June 1 in each general assessment year in all counties
22	22	10 with less than 3,000,000 inhabitants, and as soon as he or she
23	23	11 reasonably can in each general assessment year in counties
24	24	12 with 3,000,000 or more inhabitants, or if any such county is
25	25	13 divided into assessment districts as provided in Sections
26	26	14 9-215 through 9-225, as soon as he or she reasonably can in
27	27	15 each general assessment year in those districts, the assessor,
28	28	16 in person or by deputy, shall actually view and determine as
29	29	17 near as practicable the value of each property listed for
30	30	18 taxation as of January 1 of that year, or as provided in
31	31	19 Section 9-180, and assess the property at 33 1/3% of its fair
32	32	20 cash value, or in accordance with Sections 10-110 through
33	33	21 10-140 and 10-170 through 10-200, or in accordance with a
34	34	22 county ordinance adopted under Section 4 of Article IX of the
35	35	23 Constitution of Illinois. The assessor or deputy shall set
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39	39	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3439 Introduced , by Rep. Amy Elik SYNOPSIS AS INTRODUCED:
40	40	35 ILCS 200/9-155 35 ILCS 200/9-160 35 ILCS 200/9-162 new 35 ILCS 200/9-155 35 ILCS 200/9-160 35 ILCS 200/9-162 new
41	41	35 ILCS 200/9-155
42	42	35 ILCS 200/9-160
43	43	35 ILCS 200/9-162 new
44	44	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.
45	45	LRB103 04935 HLH 49945 b LRB103 04935 HLH 49945 b
46	46	LRB103 04935 HLH 49945 b
47	47	A BILL FOR
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53	53	35 ILCS 200/9-155
54	54	35 ILCS 200/9-160
55	55	35 ILCS 200/9-162 new
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74	74	1 down, in the books furnished for that purpose the assessed
75	75	2 valuation of properties in one column, the assessed value of
76	76	3 improvements in another, and the total valuation in a separate
77	77	4 column.
78	78	5 This Section applies before assessment year 2025.
79	79	6 (Source: P.A. 86-1481; 87-1189; 88-455.)
80	80	7 (35 ILCS 200/9-160)
81	81	8 Sec. 9-160. Valuation in years other than general
82	82	9 assessment years. On or before June 1 in each year other than
83	83	10 the general assessment year, in all counties with less than
84	84	11 3,000,000 inhabitants, and as soon as he or she reasonably can
85	85	12 in counties with 3,000,000 or more inhabitants, the assessor
86	86	13 shall list and assess all property which becomes taxable and
87	87	14 which is not upon the general assessment, and also make and
88	88	15 return a list of all new or added buildings, structures or
89	89	16 other improvements of any kind, the value of which had not been
90	90	17 previously added to or included in the valuation of the
91	91	18 property on which such improvements have been made, specifying
92	92	19 the property on which each of the improvements has been made,
93	93	20 the kind of improvement and the value which, in his or her
94	94	21 opinion, has been added to the property by the improvements.
95	95	22 The assessment shall also include or exclude, on a
96	96	23 proportionate basis in accordance with the provisions of
97	97	24 Section 9-180, all new or added buildings, structures or other
98	98	25 improvements, the value of which was not included in the
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109	109	1 valuation of the property for that year, and all improvements
110	110	2 which were destroyed or removed. In case of the destruction or
111	111	3 injury by fire, flood, cyclone, storm or otherwise, or removal
112	112	4 of any structures of any kind, or of the destruction of or any
113	113	5 injury to orchard timber, ornamental trees or groves, the
114	114	6 value of which has been included in any former valuation of the
115	115	7 property, the assessor shall determine as near as practicable
116	116	8 how much the value of the property has been diminished, and
117	117	9 make return thereof.
118	118	10 Beginning January 1, 1996, the authority within a unit of
119	119	11 local government that is responsible for issuing building or
120	120	12 occupancy permits shall notify the chief county assessment
121	121	13 officer, by December 31 of the assessment year, when a full or
122	122	14 partial occupancy permit has been issued for a parcel of real
123	123	15 property. The chief county assessment officer shall include in
124	124	16 the assessment of the property for the current year the
125	125	17 proportionate value of new or added improvements on that
126	126	18 property from the date the occupancy permit was issued or from
127	127	19 the date the new or added improvement was inhabitable and fit
128	128	20 for occupancy or for intended customary use until December 31
129	129	21 of that year. If the chief county assessment officer has
130	130	22 already certified the books for the year, the board of review
131	131	23 or interim board of review shall assess the new or added
132	132	24 improvements on a proportionate basis for the year in which
133	133	25 the occupancy permit was issued or the new or added
134	134	26 improvement was inhabitable and fit for occupancy or for
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145	145	1 intended customary use. The proportionate value of the new or
146	146	2 added improvements may be assessed by the board of review or
147	147	3 interim board of review as omitted property pursuant to
148	148	4 Sections 9-265, 9-270, 16-50 and 16-140 in a subsequent year
149	149	5 on a proportionate basis for the year in which the occupancy
150	150	6 permit was issued or the new or added improvement was
151	151	7 inhabitable and fit for occupancy or for intended customary
152	152	8 use if it was not assessed in that year.
153	153	9 This Section applies before assessment year 2025.
154	154	10 (Source: P.A. 91-486, eff. 1-1-00.)
155	155	11 (35 ILCS 200/9-162 new)
156	156	12 Sec. 9-162. 3-year assessment period established. This
157	157	13 Section applies in tax year 2025 and thereafter.
158	158	14 Beginning in tax year 2025, each chief county assessment
159	159	15 officer shall establish a rolling 3-year assessment period for
160	160	16 property. On or before June 1 of each year, the assessor, in
161	161	17 person or by deputy, shall actually view and determine, as
162	162	18 near as practicable, the value of each property listed for
163	163	19 taxation for that tax year and determine 33 1/3% of the
164	164	20 property's fair cash value, or, if the property is not
165	165	21 required to be assessed at 33 1/3% of the property's fair cash
166	166	22 value, the property's appropriate statutory level of
167	167	23 assessment. The assessor or deputy shall set down, in the
168	168	24 books furnished for that purpose the assessed valuation of
169	169	25 properties in one column, the assessed value of improvements
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180	180	1 in another, and the total valuation in a separate column. The
181	181	2 assessed value of the property shall then be determined by
182	182	3 calculating the average value of the property for the current
183	183	4 tax year and the 2 immediately preceding tax years.
184	184	5 Section 99. Effective date. This Act takes effect upon
185	185	6 becoming law.
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