Bill Title: Amends the Property Tax Code. Provides that in all cases where a change in assessed valuation of $100,000 or more is sought, the party filing the petition must state in the initial complaint the valuation that is sought. Requires the board of review to provide notice of the petition to all municipalities, school districts, fire protection districts, and community college districts that have a revenue interest in the property at least 14 days prior to the hearing on the complaint. Removes a provision concerning serving a copy of the petition to all taxing districts. Provides that in any appeal on a property within a county of fewer than 3,000,000 population where the appellant did not provide notice to the board of review that a change in assessed valuation of $100,000 or more was being sought, the Property Tax Appeal Board shall have no jurisdiction to issue any decision that would result in a change of $100,000 or more. Makes related changes. Effective immediately.

Sponsorship: Slight Partisan Bill (Democrat 2-1)

Status: (Failed) 2015-09-24 - Total Veto Stands [SB1526 Detail]

Text: Latest bill text (Veto Message) [HTML]

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