Publisher's Synopsis
This book was updated August 27, 2018. Table of Contents TITLE 1. GENERAL 1 ARTICLE 1. SHORT TITLE AND DEFINITIONS 1 TITLE 2. ASSESSMENT OFFICIALS 7 ARTICLE 2. TOWNSHIP ASSESSMENT OFFICIALS 7 ARTICLE 3. COUNTY ASSESSMENT OFFICIALS 15 ARTICLE 4. ASSESSMENT OFFICIALS - OTHER PROVISIONS 20 ARTICLE 5. BOARDS OF APPEALS 23 ARTICLE 6. BOARDS OF REVIEW 25 ARTICLE 7. PROPERTY TAX APPEAL BOARD 30 ARTICLE 8. DEPARTMENT OF REVENUE 31 TITLE 3. VALUATION AND ASSESSMENT 34 ARTICLE 9. GENERAL VALUATION PROCEDURES 34 Division 1. Office Operations 35 Division 3. Assessment books. 41 Division 4. Valuation procedures 44 ARTICLE 10. VALUATION PROCEDURES FOR SPECIAL PROPERTIES 60 Division 1. Solar energy systems 60 Division 3. Residential developments 63 Division 4. Historic residences 65 Division 5. Airports and interstate bridges 70 Division 6. Farmland, open space, and forestry management plan. 71 Division 7. Coal 79 Division 8. Sports stadiums 81 Division 9. Nurseries 83 DIVISION 10. ELECTRIC POWER GENERATING STATIONS 83 DIVISION 11. LOW-INCOME HOUSING 84 DIVISION 12. VETERANS ORGANIZATION PROPERTY 86 DIVISION 13. FRATERNAL ORGANIZATION PROPERTY 87 DIVISION 14. VALUATION OF CERTAIN LEASES OF EXEMPT PROPERTY 90 DIVISION 15. SUPPORTIVE LIVING FACILITIES 91 DIVISION 16. CONSERVATION STEWARDSHIP LAW 92 DIVISION 17. WOODED ACREAGE ASSESSMENT TRANSITION LAW 95 DIVISION 18. WIND ENERGY PROPERTY ASSESSMENT 96 Division 19. Qualified commercial and industrial property 98 ARTICLE 11. VALUATIONS PERFORMED BY THE DEPARTMENT 99 Division 1. Pollution control facilities 99 Division 3. Railroads 103 DIVISION 4. REGIONAL WATER TREATMENT FACILITIES 108 ARTICLE 12. ASSESSMENT NOTICE AND PUBLICATION PROVISIONS 110 Division 1. Initial Assessment Process 110 Division 4. Revisions and corrections 115 ARTICLE 13. REASSESSMENT PROCEDURES 117 ARTICLE 14. REVISIONS AND CORRECTIONS 120 TITLE 4. EXEMPTIONS 152 ARTICLE 15. EXEMPTIONS 152 TITLE 5. REVIEW AND EQUALIZATION 221 ARTICLE 16. REVIEW OF ASSESSMENT DECISIONS 221 Division 1. General provisions 221 Division 3. Board of Review; Counties of 3,000,000 or more 230 Division 4. Property Tax Appeal Board 238 Division 5. Department of Revenue 244 ARTICLE 17. STATE EQUALIZATION PROCESS 244 TITLE 6. LEVY AND EXTENSION 248 ARTICLE 18. LEVY AND EXTENSION PROCESS 248 Division 1. Levying process 248 Division 2. Truth in taxation 252 Division 3. Extension procedures 257 Division 4. Abatement procedures 266 Division 5. Property Tax Extension Limitation Law 279 Division 5.1. One-year Property Tax Extension Limitation Law. 305 Division 6. Preparation and delivery of books 308 TITLE 7. TAX COLLECTION 311 ARTICLE 19. TAX COLLECTION OFFICIALS 311 ARTICLE 20. TAX COLLECTION PROCESS 316 Division 1. Billing procedures 316 Division 3. Procedures for county collectors 325 Division 4. Errors and adjustments 331 Division 5. Settlement of Accounts 338 ARTICLE 21. DUE DATES, DELINQUENCIES, 340 AND ENFORCEMENT OF PAYMENTS 340 Division 1. Due dates and delinquencies 340 Division 3. Notice and publication provisions 359 Division 3.5. Judgments and Sales 361 Division 4. Annual tax sale procedure 366 Division 5. Scavenger sales; procedures 373 Division 6. Indemnity fund; sales in error 382 ARTICLE 22. TAX DEEDS AND PROCEDURES 406 TITLE 8. TAX OBJECTIONS 419 ARTICLE 23. PROCEDURES AND ADJUDICATION FOR TAX OBJECTIONS 419 TITLE 9. OTHER PROVISIONS 425 ARTICLE 24. GENERAL PROVISIONS 425 ARTICLE 25. PENALTIES 427 ARTICLE 26. SAVINGS PROVISIONS 430 ARTICLE 27. SPECIAL SERVICE AREA TAX LAW 433 ARTICLE 28. SPECIAL ASSESSMENT APPORTIONMENT LAW 447 ARTICLE 29. SPECIAL ASSESSMENTS BENEFITING STATE PROPERTY LAW 448 ARTICLE 30. FISCAL RESPONSIBILITY LAW 450 ARTICLE 31. REAL ESTATE TRANSFER TAX LAW 452 ARTICLE 32. CONTINUATION OF PRIOR LAW - STATUTES REPEALED 460