Bill Title: Amends the Property Tax Code. Creates a reduction for improvements to foreclosed property. Provides that the assessed value of those improvements shall be reduced 10% of the equalized assessed value of the improvements on June 30, 2012. Provides that the reduction shall be for a period of 5 years, and is subject to certain conditions. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 13-3)

Status: (Passed) 2014-12-30 - Public Act . . . . . . . . . 98-1143 [SB1740 Detail]

Text: Latest bill text (Chaptered) [HTML]

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