Bill Text: IL SB0062 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. Provides that, in the case of residential property located in a gated residential community, nothing shall prohibit the chief county assessment officer, the board of review, or the Property Tax Appeal Board from considering comparable properties located outside of that gated residential community when determining the fair cash value of the property. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2019-01-09 - Session Sine Die [SB0062 Detail]

Download: Illinois-2017-SB0062-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 SB0062 Introduced 1/11/2017, by Sen. Karen McConnaughay SYNOPSIS AS INTRODUCED:
35 ILCS 200/10-27 new
Amends the Property Tax Code. Provides that, in the case of residential property located in a gated residential community, nothing shall prohibit the chief county assessment officer, the board of review, or the Property Tax Appeal Board from considering comparable properties located outside of that gated residential community when determining the fair cash value of the property. Effective immediately.
LRB100 00324 HLH 10328 b
FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB0062 LRB100 00324 HLH 10328 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by adding
Section 10-27 as follows:
(35 ILCS 200/10-27 new)
Sec. 10-27. Gated residential communities. In the case of
residential property located in a gated residential community,
nothing shall prohibit the chief county assessment officer, the
board of review, or the Property Tax Appeal Board from
considering comparable properties located outside of that
gated residential community when determining the fair cash
value of the residential property.
Section 99. Effective date. This Act takes effect upon
becoming law.