Bill Title: Amends the Property Tax Code. Provides that assessment officials may consider foreclosure sales and short sales of comparable properties when determining fair cash value. Provides that boards of review and boards of appeals may consider foreclosure sales and short sales of comparable properties for the purpose of revising and correcting assessments and must consider those sales of comparable properties submitted by the taxpayer. Effective immediately.

Sponsorship: Moderate Partisan Bill (Republican 6-1)

Status: (Passed) 2010-07-16 - Public Act . . . . . . . . . 96-1083 [SB3334 Detail]

Text: Latest bill text (Enrolled) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
House	Third Reading in House	2010-04-23	105	0	3	0	108	Passed	Link	View
Senate	Third Reading in Senate	2010-03-18	54	0	5	0	59	Passed	Link	View