New Illinois law mandates more information for property taxpayers

A new Illinois law, effective July 14, 2011, mandates that all counties (except Cook) provide additional information in the required publication of assessments.  Illinois law has required that at the top of the list of assessments there be a “Notice To Taxpayers” section.  This includes the median level of assessment for the assessment district along with the explanation that properties are to be assessed at that stated median level of assessment.

The notice also states that a property owner can check the accuracy of the assessment by dividing their assessment by the median level of the assessment, which should equal the estimated fair cash value of the property.  The notice further explains that if the resulting value is greater or lower then that property may be over- or under-assessed and that an appeal can be made to the board of review.

Public Act 97-0146 (SB 1686) changes the Illinois Property Tax Code to add to the aforementioned language that must be included in the published notice.

  • A statement advising the taxpayer that assessments of property, other than farm land and coal, are required to be assessed at 33 1/3% of fair market value.
  • The name, address, phone number, office hours and the website address of the assessor (if one exists).
  • A statement advising the taxpayer of the steps to follow if the taxpayer believes that the full fair market value of the property is either incorrect or not uniform with other comparable properties in the same neighborhood.  The statement shall also advise all taxpayers to contact the township assessor’s office FIRST to review the assessment; advise all taxpayers to file an appeal with the board of review and give the phone number to call for a copy of the board of review rules.  If the board of review maintains a website the statement must also include the website address for review of the board rules.
  • A statement advising the taxpayer that there is a deadline for filing an appeal with the board of review and an indication that the deadline date is 30 days following the publication date.
  • A brief explanation of the relationship between the assessment and the tax bill.
  • In bold type, a notice of possible eligibility for the various homestead exemptions.
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About Julie Sullivan

Julie Sullivan is Director of Legislative and Political Affairs for Illinois REALTORS®. She assists in carrying out the legislative programs and policies of the Association, monitors and provides research and analysis on local, state, and federal legislation impacting the real estate industry, and represents the Association before the General Assembly, other elected officials, and other interest groups. She also prepares and coordinates materials related to the election of candidates for public office. Sullivan writes and edits State Capitol Report, the legislative newsletter of the Association, and contributes to the Illinois REALTOR® Magazine on governmental affairs issues. She also advises and provides staff support to the Public Policy and Governmental Affairs Member Involvement Group, the Realtors® Political Action Committee and various task forces and working groups which are appointed from time to time.

One thought on “New Illinois law mandates more information for property taxpayers

  1. The DOR needs to revise / upgrade the qualification requirements for the position of
    supervisor of Assessments–no weight is given to individuals with valuation experience &
    education, such as Illinois Certified Residential and /or General Certified appraisers. Most
    supervisors in SW Illinois (Greene, Calhoun, Pike as an example ) come from a clerical
    background with NO valuation experience leading dysfunctional valuations and no
    quadrennial effort. Real estate taxes are necessary for local services, making fairness in
    application all the more important. I asked Jim Watson (97th Rep) to let me work with him
    on this issue when he was first elected; he has never responded.

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