The implementation of HB4012 will amend current statutes in the Property Tax Code, particularly sections related to taxpayer appeals and the role of the chief county assessment officer. Taxpayers who wish to appeal their property assessments must provide evidence of a mistake in the assessment process, shifting the burden of proof. This amendment aims to create a more structured and reliable appeals mechanism, ultimately aiming to improve public confidence in property tax assessments and decisions made by the Board.
Summary
House Bill 4012 introduces significant changes to the property tax appeal process in Illinois by establishing the Property Tax Appeal Board Supplemental Fund. This new fund will receive all filing fees from the Property Tax Appeal Board and allocate these resources to improve the Board's operations, including technological enhancements and increased personnel. The bill is designed to streamline the appeal process for property tax assessments, focusing on ensuring timely and effective resolutions for taxpayers seeking to contest their property valuations.
Contention
Some points of contention surrounding HB4012 may arise over the perceived fairness of requiring taxpayers to substantiate their appeals with evidence before the appeal can proceed. Critics may argue that this could disproportionately affect individuals without the necessary resources or knowledge to effectively challenge assessment errors. Additionally, the presumption of correctness for board of review decisions could lead to skepticism regarding independent assessments made by the Property Tax Appeal Board, raising issues about accountability and transparency within the appeals process.
Makes FY 2022 supplemental appropriations of $139.8 million for Homestead Benefit Program and Senior and Disabled Citizens' Property Tax Freeze Program.
Makes $500,000 supplemental appropriation from Property Tax Relief Fund to Borough of North Caldwell to fund restoration of Walker's Family Home at Walker's Park and Walker's Park property.