Bill Text: IL HJRCA0045 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: Proposes to amend the Revenue Article of the Illinois Constitution. Provides that the aggregate real property tax rate imposed on a particular property by a county or other taxing district shall not exceed one percent of the fair market value of that property, unless the voters of the taxing district approve an increase above the one percent rate by three-fifths of the registered voters in the taxing district. Makes conforming changes. Effective upon being declared adopted.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2019-01-08 - Session Sine Die [HJRCA0045 Detail]
Download: Illinois-2017-HJRCA0045-Introduced.html
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| 1 | HOUSE JOINT RESOLUTION
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| 2 | CONSTITUTIONAL AMENDMENT
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| 3 | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | |||||||||||||||||||
| 4 | HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE SENATE | |||||||||||||||||||
| 5 | CONCURRING HEREIN, that there shall be submitted to the | |||||||||||||||||||
| 6 | electors of the State for adoption or rejection at the general | |||||||||||||||||||
| 7 | election next occurring at least 6 months after the adoption of | |||||||||||||||||||
| 8 | this resolution a proposition to amend Article IX of the | |||||||||||||||||||
| 9 | Illinois Constitution by changing Section 4 as follows:
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| 10 | ARTICLE IX
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| 11 | REVENUE
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| 12 | (ILCON Art. IX, Sec. 4)
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| 13 | SECTION 4. REAL PROPERTY TAXATION
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| 14 | (a) Except as otherwise provided in this Section, taxes | |||||||||||||||||||
| 15 | upon real
property shall be levied uniformly by valuation | |||||||||||||||||||
| 16 | ascertained as the
General Assembly shall provide by law.
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| 17 | (b) Subject to the provisions of subsection (d) and such | |||||||||||||||||||
| 18 | limitations as the General Assembly may
hereafter prescribe by | |||||||||||||||||||
| 19 | law, counties with a population of more than
200,000 may | |||||||||||||||||||
| 20 | classify or continue to classify real property for
purposes of | |||||||||||||||||||
| 21 | taxation. Any such classification shall be reasonable and
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| 22 | assessments shall be uniform within each class. The level of | |||||||||||||||||||
| 23 | assessment
or rate of tax of the highest class in a county | |||||||||||||||||||
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| 1 | shall not exceed two and
one-half times the level of assessment | ||||||
| 2 | or rate of tax of the lowest
class in that county. Real | ||||||
| 3 | property used in farming in a county shall
not be assessed at a | ||||||
| 4 | higher level of assessment than single family
residential real | ||||||
| 5 | property in that county.
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| 6 | (c) Any depreciation in the value of real estate occasioned | ||||||
| 7 | by a
public easement may be deducted in assessing such | ||||||
| 8 | property.
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| 9 | (d) The aggregate real property tax rate imposed on a | ||||||
| 10 | particular property by a county or other taxing district shall | ||||||
| 11 | not exceed one percent of the fair market value of that | ||||||
| 12 | property, unless the voters of the taxing district approve an | ||||||
| 13 | increase above the one percent rate by three-fifths of the | ||||||
| 14 | registered voters in the taxing district. | ||||||
| 15 | (Source: Illinois Constitution.)
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| 16 | SCHEDULE
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| 17 | This Constitutional Amendment takes effect upon being | ||||||
| 18 | declared adopted in accordance with Section 7 of the Illinois | ||||||
| 19 | Constitutional Amendment Act.
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