Illinois Compiled Statutes 35 ILCS 200 Property Tax Code. Section 10-147

    (35 ILCS 200/10-147)

    Sec. 10-147. Former farm; open space. Beginning with the 1992 assessment year, the equalized assessed value of any tract of real property that has not been used as a farm for 20 or more consecutive years shall not be determined under Sections 10-110 through 10-140. If no other use is established, the tract shall be considered to be used for open space purposes and its valuation shall be determined under Sections 10-155 through 10-165.

(Source: P.A. 87-1270; 88-455.)

Sections:  Previous  10-115  10-120  10-125  10-130  10-135  10-140  10-145  10-147  10-150  10-152  10-153  10-155  10-160  10-165  10-166  Next

Last modified: February 18, 2015