(35 ILCS 200/10-195)
Sec. 10-195. Incremental assessment. Coal assessed under Sections 10-180 and 10-185 shall be added to the tax roll in the following increments as determined by the assessment date:
1993
-
70%
of
the
assessed
value
1994
-
80%
of
the
assessed
value
1995
-
90%
of
the
assessed
value
1996
and
thereafter
-
100%
of
the
assessed
value
Coal assessments, including assessments based on the value of coal, that were in effect January 1, 1986 shall be reduced to the undeveloped coal reserve economic assessed value per acre under Section 10-175 in annual increments as follows:
1993
-
30%
of
the
1986
unequalized
assessed
value
1994
-
20%
of
the
1986
unequalized
assessed
value
1995
-
10%
of
the
1986
unequalized
assessed
value
1996 and thereafter - the undeveloped coal reserve
economic assessed value
(Source: P.A. 85-1359; 88-455.)
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Last modified: February 18, 2015